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
Excise duty demand will not sustain if after adjusting Cenvat credit no differential demand arises
Excise Duty cannot de demanded on Amortization Cost of Cylinder if same already included in value of packaging material
Pre-delivery inspection charges includible in assessable value if inspection is mandatory for sale of goods
Demand of extended period not sustainable If no suppression of facts
CENVAT Credit not deniable alleging supplier not liable to pay duty
‘Permanently’ in 4th Proviso to rule 9 of Pan Masala Packing Machine Rules means particular month
Denial of CENVAT credit merely because invoice didn’t mentioned event details is unjustified
Assessee can discharge duty by utilizing Cenvat Credit – Rule 8 (3A) is ultra vires
Commissioner cannot re-adjudicated dispute which is already settled in remanded matter by CESTAT
Benefit of Notification 67/1995-CE cannot be denied if appellant is fulfilling requirement of Rule 6 of Cenvat Credit Rules
No liability to Pay Excise Duty on manufacturing by Independent Job Work Contractors
Area-based exemption available based on substitution undertaken vide notification 34/2005 dated 30.09.2005
Doctrine of bar of unjust enrichment not applicable as sufficiently proved that excess duty not passed on
Exemption benefit not deniable based on Doctrine of Substantial Compliance
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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
