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
SSI Exemption Cannot Be Denied for Using Family Surname in Separate Entity
Post Facto Certificate Production for Exemption under Notification No. 108/95-CE
No Refund of Education Cess and HE Cess under Notification No. 56/2002-CE
Remission Benefit Allowed for Goods Lost by Fire/Arson: Central Excise Rule 21
CESTAT Grants Cenvat Credit on Sugar Cess Paid as CVD on Raw Sugar Imports
Reduction in value of machine sold post replacement of important part is normal
Wrongful Cenvat Credit on Ineligible Service: CESTAT Directs Reexamination
Interest payable after three months from the date refund of pre-deposit amount becomes due
CESTAT Orders Reconsideration Amidst Rule 8(3A) Controversy
CENVAT of service tax paid on rail freight available based on certified copy of railway receipts
CESTAT Grants PepsiCo India Benefit of Lower Duty on Fruit Pulp; Reversal of Ineligible Credit Acknowledged
Direct supplies by vendor to customer not to be included in assessable value
CESTAT Grants Benefit of Cum-Duty Price
Duty exemption on gasket cannot be denied merely due to initial mismatch
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
