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
Cenvat Credit reversal not required as Bagasse is not a manufactured final product
Rule 9 of Central Excise Valuation Rules not applicable if Goods Sold to Both Related & Independent Buyers
Supplier Non-Response Doesn’t Invalidate Appellant’s Pulping Machine Ownership
CESTAT allows CENVAT Credit of 2% CVD on Imported Steam Coal
Oversight of SSI Exemption: CESTAT Directs Re-adjudication
Service tax not leviable on amount received for loss/damage caused by breach of contract
Manufacture of High Security Registration Plates in Himachal Pradesh eligible for area based exemption
Unauthorized Goods Destruction Implies Arbitrary Abatement of Customs Duty
Lapsing of Cenvat Credit Applies Only in case of Absolute Exemption Notifications
Goods manufactured on job work basis to be valued as per rule 11 of Central Excise Valuation Rules
Recovery of CENVAT based on third party statement without tangible corroborative evidence unsustainable
CESTAT Quashes Order Reversing CENVAT Credit for Transformer Oil used in Transformer Manufacturing
Duty exemption available on items required for setting up of water treatment plants
Spent solvent arising during manufacture of Sucralose is not dutiable hence excise demand unsustainable
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
