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
Excise Duty Cannot Be Demanded for mere Procedural Lapse in Admitted Export of Goods
CESTAT allows Cenvat Credit on Customs Clearance, Construction & Photocopy Service
No Penalty for Scrap Goods Cleared Without Further Manufacturing Process After Paying Duty Equivalent to CENVAT Credit Taken
Rejection of application for fixation of special rate to new industrial units set up in North-Eastern States unjustified
No Pre-deposit Required When Appellate Authority Sets Aside Order-in-Original without Confirming Demand
Demand for Non-Maintenance of Separate Account in Final Exempted Service Unwarranted; Cenvat Credit Reversal Adequate
Former Excise & Custom Superintendent Sentenced: Disproportionate Assets Case
Capital Goods in Marine Terminal Facility Area Eligible for CENVAT Credit: CESTAT
Order remanding matter set aside as all elements already considered at time of finalization of provisional assessment
CBIC Reduces Excise Duty on Diesel Exports wef 18th October 2023
CBIC amends Excise Duty rate on Petroleum Crude & ATF wef 17.10.2023
Refund u/r 16 of Pan Masala Packing Machine Rules allowable due to change in constitution
Court directs Excise Commissioner to reconsider claim of petitioner vis-à-vis distance between Temple and Bar
Duty demand unsustainable as activity of fitting power lens into frames doesn’t amount to manufacture
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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
