Excise Duty
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Fraudulent VKGUY & DEPB License Obtainment: CESTAT directs Reconsideration
Commissioner (A) can remand the matter to Adjudicating Authority to decide afresh
Extended period of limitation cannot be invoked on a legitimate buyer
Demand on semi-finished and finished goods not sustained as goods exported on payment of duty
Value of goods exported not includible in threshold limit prescribed under notification no. 8/2003-CE
Penalty u/s 11AC unwarranted as Excise duty paid with interest
Re-Crystallisation & Distillation not Manufacturing under Central Excise Act
Eligibility of Defunct Manufacturer for Refund of Unutilised CENVAT Credit
CESTAT allows use of Cenvat credit of basic excise duty to offset Education Cess
Input Service Distributor procedure not to be followed in absence of head office-branch office relation
Chick drinker, Auto feeder and Poultry cage are rightly classifiable under CETH 84361000
Denial of cross-examination of witnesses is violative of principles of natural justice
Excise duty payable on Physician Sample on valuation as per Section 4
Bombay HC Upholds Cancellation of Liquor License After Death of License Holder
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
