Excise Duty
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No proceedings u/s 11A of Central Excise Act in absence of any deliberate or willful suppression
Excess interest to be refunded back as rule 8(3) is ultra vires to section 11AB(1) of Central Excise Act
Notification 28/2024-Central Excise Dated: 19th November, 2024
Orissa HC Orders Review of Tax Relief Eligibility under SLVDR in SCN Dispute
Voluntary Excise duty payment on exempted exports refundable: Bombay HC
Cenvat Credit Allowed for Surplus Electricity Used in Manufacturing Dutiable Goods in another unit
Declaration of proposed penalty under SVLDRS is valid declaration: Gujarat HC
Omission or Misinterpretation of Regulations Not Equivalent to Suppression of Facts for Extended Limitation
Central Excise Notification on Blended Aviation Fuel, October 2024
SC ruling on refund claim involving turnover discount and additional discount
Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC
CENVAT on transportation costs to buyer’s premises not admissible as costs not included in assessable value
Amendment to Fourth Schedule to Central Excise Act, 1944 Notified
CENVAT credit denial on input services for factory construction: CESTAT directs fresh order
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
