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
Non-Marketable Sugar Syrup Manufacture Not Liable to Excise Duty
Excise duty not leviable on waste or rubbish thrown up in the course of manufacture
Lead Acid Batteries can’t be treated as uncharged for valuation in absence of Evidence
Oxygen and Acetylene Gas Eligible for CENVAT Credit: Rajasthan High Court
Refund of cess on Oil Industry Development Cess available as burden not passed on to buyer
Mere Chartered Accountant’s certificate without documentary evidence is not sufficient for duty treatment of obsolete stock
Exemption under 12/2012-CE available to aluminium structures and fabricated items used as towers of wind turbines
Pressmud, bagasse, boiler ash and sludge being waste or byproduct is outside the purview of rule 6 of CCR, 2004
Clandestine Removal Charges not Sustainable based on Audit Report vs ER-1 Return
Extended period of limitation not invocable on account of revenue-neutrality
Cenvat Credit Rule 6(3) inapplicable if wrongly taken credit reversed subsequently
Pre-April 2007 Transactions Exempt from Penalty under Central Excise Rule 26(2)
SSI Exemption Cannot Be Denied for Using Family Surname in Separate Entity
Post Facto Certificate Production for Exemption under Notification No. 108/95-CE
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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
