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
Whether air-conditioners are covered by Notification No. 1/95-Central Excise Dated 4-1-95-Reg
Central Excise – Provisional Assessment – Procedure & Monitoring System -Reg
Determination of Assessable value – Equalisation of freight in cases of multi product, multi factory companies
Circular No. 286/2/97- Central Excise, Dated: 13.01.1997
Circular No. 285/1/97- Central Excise, Dated: 10.01.1997
Central Excise – Simplification of Export procedure – Regarding
Circular No. 283/117/96-Central Excise, Dated: 31.12.1996
Availment and utilisation of modvat credit of duty paid on inputs under Rule 57F (1)(ii)
Central Excise-Eligibility of Cardenol for exemption under notification No. 115/75-Central Excise Dated 30-4-75-Clarification regarding
Clarification of Metallic Yarn made out of duty paid Metallised polyester film as Handicrafts
Circular No. 279/113/96-Central Excise, Dated: 11.12.1996
Circular No. 278/112/96-Central Excise, Dated: 11.12.1996
Clarification reg. Availment & utilisation of Modvat credit on machines purchased but not put to use prior to 7.1.1996
Availment of Modvat credit on components, spares and accessories under Rule 57Q of the Central Excise Rules, 1944
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
