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
Imposition of penalty not sustainable as duty demand settled under SVLDR Scheme
Excise payable on stock of liquor as manufacturer and seller is only one
Mens Rea Necessary for Penalty under Central Excise Rules: CESTAT
Cenvat eligible for clearance of dyed yarn if duty paid at doubling stage
Excise Duty Exemption Granted upon Compliance with Notification Requirements
CESTAT allows Cenvat Credit for Sari Guard & Mirror Assembly cleared with motor cycle
CA Certificate Suffices to Prove Non-Pass on of Excise Duty Obligation
Duty demand alleging sealed/uninstalled packing machine available in factory unsustainable
Assessee’s Genuine Belief: Extended Period Inapplicable
Refund Claim cannot be rejected for not opting Provisional Assessment: CESTAT
No Cenvat Credit for Employee Commute Bus Charges: CESTAT
Unsubstantiated Allegation of Clandestine Scrap Removal: CESTAT sets aside SCN
Remand order of de novo adjudication passed after 18 years unsustainable
Key Jurisdictional Issue: Adjudicating Authority’s Oversight of Rule 6(3) Explanation
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
