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
To Extend Limitation Period, Proving Intent to Evade Duty is Essential
Excise Duty is leviable on Coal Clearances from Sister Concern Units
No SSI exemption available if brand name not registered in the name of assessee
Benefit of notification 4/2006-CE available on clearance of Spent Sulphuric Acid
Post-clearance compliance of stipulations precludes denial of entitlement which is otherwise available
No Restriction of CENVAT Credit on Supplementary Invoice for Stock Transfer
Common Partner in Partnership & Proprietorship Concern not Relative under Companies Act
No duty liability on Transition from EOU to EPCG Scheme if Export Obligations Fulfilled
Denial of Excise Duty Refund for a Genuine Interpretation Error Unjustified
CESTAT denies Excise Duty Refund due to Unmet Burden of Proving No Unjust Enrichment
Eligibility of benefit of notification 30/2004-CE vis-à-vis reversal of CENVAT Credit needs fresh determination
Cenvat credit of entire input service available even if portion of service is used in manufacture of exempt goods
Rule 10A of valuation rules doesn’t come into play for all manner of ‘job-work’
Duty demand based on data from computer print-out without corroborative evidence unsustainable
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
