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
Amendments in notification No. 50/2003-Central Excise, dated the 10th June, 2003
Misuse of STPI Scheme for duty free import- CESTAT decision
Scope of the expression Customized Software, standard software and exemption from Indirect taxes
Changing of law through issuance of circulars
Notification No. 26/2009- Central Excise; dated: 04.12.2009
In an effort to maximize revenue CBEC ordered to reopen cases where Tax demand stayed
Circular No. 824/1/2006-Central Excise-Clarification regarding prospective implementation of orders
Can a CESTAT Member who has not completed probation can be relived from his duty without assigning any reason?
Mens Rea in Taxation Offences
Scrabble is a board game, It is not a puzzle
Departmental Adjudication under excise laws
Waiver of the Principles of Natural Justice under excise laws
Excess insurance and transportation charges collected and includability of same in assessable value
Branded Goods & SSI Exemption
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
