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
Education Cess Refund: Unicorn Industries Decision Doesn’t Affect Past Final Decisions
CESTAT Quashes Appeal for Violating Rule 20: Maximum Three Adjournments Allowed in Appellate Hearings
Transportation Costs Exclusion Not a Basis to Deny CENVAT Credit: CESTAT
CBIC reduces SAED on export of Diesel to Rs. Nil per litre from 1st March, 2024
SAED on Petroleum Crude production increased to Rs. 4600 per tonne from 01.03.2024
Cenvat credit is allowed if inputs are wheeled out to sister company: Madras HC
Writ jurisdiction cannot grant a waiver of statutory pre-deposit condition for filing appeal
Larger limitation period inapplicable for de-bonding after verification & no dues certificate issuance
CESTAT Chandigarh allows 12% Interest on Excise duty Refund
CBIC Increases Special Additional Excise Duty on Diesel Export to Rs. 1.50/litre
SAED on production of Petroleum Crude increased to Rs. 3300 per tonne wef 16.02.2024
Mere Two Set of Invoices Insufficient to Prove Clandestine Removal Without Evidence
Liquor import case: Complaint Against director Not Maintainable Without Company as Accused
Cenvat Credit admissible for generation of electricity in captive power plant
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
