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
Interest Calculation for Excise Duty Refund: Starting Date Clarified by HC
India Hikes Excise Duty on Diesel, ATF Exports from Aug 15, 2023
Indian Government Raises Windfall Tax on Crude Petroleum
Excise Duty cannot be demanded Solely on Sales Figure Discrepancy
Excise duty Exemption eligible if Appellant reversed 5% of value of exempted goods
Denial of CENVAT credit on grounds different from original issue unjustified: CESTAT
CESTAT Allows CENVAT Credit on Helmet Locks supplied with motorcycles
Factory Closure: Appellant Ineligible for Unutilized CENVAT Credit Refund
Commissioner (A) Cannot Reverse its Earlier Sanctioned Service Tax Refund order
Rule 11(3) of Cenvat Credit Rules cannot be applied retrospectively
CESTAT Chandigarh Quashes Excise Duty Demand on Bought-Out Items
No penalty under Central Excise Rule 26 if no Involvement in Handling of Goods Liable for Confiscation
Appellant entitled to interest for period of delay in section of excise duty refund: CESTAT
HC quashes Notice for personal hearing sent after almost 10 years of SCN
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
