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
Subsidy under Rajasthan Investment Promotion Policy-2003 not includible in transaction value for levy of excise duty
Govt reduces SAED on Diesel to Rs. 0.50 per litre wef 04.04.2023
Govt reduces SAED on production of Petroleum Crude to Nil
Cost of free supply material not includible in the assessable value
Govt extends date of applicability of additional duty of excise on unblended diesel
Benefit of notification 4/2006-CE not available to match splints as power used in its manufacture
Placing reliance on statements unjustified as no opportunity for cross-examination granted
Online Excise & Service Tax payment via ICEGATE e-Payment Gateway
Freight not includible in assessable value as factory gate is the place of removal
SVLDRS: Technical Glitch in Issuance of Form-4 – CESTAT grants relief
Demand of excise duty in respect of semi-finished goods not sustainable
Limitation period prescribed u/s 11B doesn’t apply to amount paid under mistake of law
Unjust enrichment doesn’t apply to refund upon finalization of provisional assessment u/r 9B of CER, 1944
A person having direct or indirect interest in business is related person for Central Excise valuation provisions: SC
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
