Excise Duty
Log in to FollowExcise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment
Central Excise Notification No 02/2010 CE (N.T.); dated: 06.01.2010
Central excise circular amending Notification No. 24/2005-Central Excise (N.T.), dated the 13th May, 2005
Restoration of issue of “Written off” goods”
Notification regarding investing Authority for Appeals to the Commissioner of Central Excise (Appeals), Bangalore-II
Excise duty exemptions will be phased out gradually in GST regime
Clarification regarding peripheral activities for Area Based Exemption notifications
Drunken Exemption to Alcoholic Beverages
CBEC clarified treatment of Cenvat in respect of goods written off in books
Dismissal of appeal for failure of pre-deposit, Interpretation of Section 35B & 35F of Central Excise Act
ISMT Ltd. Vs. Commissioner of Central Excise & Customs (Cestat Mumbai)
CBEC issued clarification regarding labelling and repacking etc. amounting to manufacture
Inclusion of After Sale Service and Pre-delivery Inspection Charges in the assessable value
Excise exemption to Himachal Pradesh and Uttarakhand under review
Clarification on issues related to reversal of cenvat credit on WIP/ finished goods written off in the books of accounts
Latest Excise Duty News
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In today’s economic scenario the significance of taxes has increased and it now not limited to being a financial aid for the Governments. The Union or the Central Government imposes several taxes together with their state governments. Some of the taxes are also levied by local Municipalities as well. Excise Duty comes under the taxes which are levied by the Central Government as per the provisions laid out in the Excise Duty Act, Excise Duty Rules and Excise Duty notifications formulated by the Government.
Excise duty is an indirect tax which is levied on goods manufactured in India and are intended for home consumption. Manufacturing of the goods is the taxable event and the excise duty liability arises as and when the goods are produced. Excise duty is a tax on manufacturing that is payable by a manufacturer of goods, who passes the incidence on to their customers. The CBEC (Central Board of Excise and Customs) is the governing authority and it functions under Union Ministry of Finance’s Department of Revenue. Under the power conferred by the Central Excise Act, 1944, the Central Government levies taxes on production or manufacturing of goods. The excise tax rates are stated under the Central Excise Tariff Act, 1985.
At Taxguru, we provide you all the latest news on excise duty together with all the updates and excise duty notifications. We at regular intervals publish excise duty articles and blogs for the benefit of our readers. Get to know all the latest developments in the Excise Tax Act and all the latest amendments at Taxguru. Find out all the excise duty news and updates with respect to excise duty here at Taxguru. We ensure that we bring you all the accurate and comprehensive coverage relating to excise duty in India
