Excise Duty
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Budget 2024: Amendments to Excise Duty & Clean Environment Cess
Respondent, as Vessel Purchaser & Incidence Bearer of SAD, is Entitled to Refund
Black Sand is a waste, not a dutiable product under Excise Law: CESTAT Chennai
Assessee Entitled to Cash Refund of CVD & SAD Paid Post-01.07.2017: CESTAT
Non-Technical Persons Cannot Decide Classification of Complex Drug & Chemical Products: CESTAT
Chewing Tobacco in HDPE Bags Is ‘Wholesale Package, not taxable as retail pack: SC
Bagasse Not Dutiable; Rule 6(3) of CCR, 2004 Not Applicable
SAED on Petroleum Crude increased to ₹7000 per Tonne from 16.07.2024
Minute Maid Nimbu Fresh Classifiable as fruit pulp or fruit juice based drink
Revised Monetary Limits for Adjudication in Central Excise for commodities
HC directs Reconsideration of L-10BB License Liquor Renewal Amid Policy Changes
SAED on Petroleum Crude increased to ₹6000 per Tonne from 02.07.2024
Technical glitch in Payment: HC directs department to issue Form SVLDRS-4
Non-Communication Leads to Lapse of SCN Transferred to Call Book
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
