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 Duty on Petrol, Diesel increased by Rs. 2 per Liter
Re-assignment of Excise and Service Tax appeals pending in Nagpur Zone
Central Excise Valuation Must Follow Its Own Law, Income Tax Provisions Not a Basis for Reassessment
Additional Excise Duty Not Payable on VAT Incentive: CESTAT Mumbai
Inordinate delay of 11 years in finalizing adjudication proceedings not tenable
Garnishee Order Quashed: Orissa HC Cites Lack of Notice
CESTAT Can’t Reject Appeal for Pre-Deposit in Wrong Account: Delhi HC
CESTAT Can’t Dismiss Appeal for Pre-Deposit in Wrong Account: Delhi HC
Input Services Require Direct Nexus with Manufacturing Activity for CENVAT Credit Eligibility
Obligation u/r 3(1) cannot be transferred to recipient of credit u/r 7 of CCR, 2004: CESTAT Mumbai
No Penalty Under Excise Rule 26 Without Goods Confiscation: CESTAT Delhi
Extended Limitation Cannot Be Invoked Twice for Same Issue: CESTAT Kolkata
Clandestine Removal Cannot Be Alleged Without Concrete Evidence: CESTAT Kolkata
CESTAT allows CENVAT Credit on materials used in capital goods
Latest Excise Duty News
Find out all the latest news on Excise Duty here at Taxguru.in. Read all the relevant excise duty notifications and excise duty articles only with Taxguru.
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
