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
Buyer of goods not obliged to investigate manufacturing process of supplier
Appointment of Additional Assistant Director as Central Excise Officer of rank of Superintendent
Granting of personal hearing during complete lockdown is equal to non-granting of effective hearing
Amount payable under SVLDRS cannot be more than amount confirmed vide OIO
Refund not hit by unjust enrichment as CA certifies that duty has not been passed on furnished
Discharge of automobile cess effaces coverage of rule 6 of CCR, 2004
Cenvat credit not deniable as services settled to be eligible input service
Denial of cenvat credit of towers used to rendering telecommunication service beyond limitation period unsustainable
No excise duty chargeable on scrap of pipes generated during repair/ maintenance of pipes
Process of injecting raw-materials into aerosol cans doesn’t amount to manufacture
Demand under rule 6(3)(i) of CCR, 2004 unsustainable as duty already paid on clearance value
Interest on refund of pre-deposit @6% duly entitled from date of deposit when demand set aside
Freight for delivering goods to buyer premises not includible in assessable value
SVLDR Scheme 2019 – Completion of Investigation not must for Eligibility
Latest Excise Duty News
Find out all the latest news on Excise Duty here at Taxguru.in. Read all the relevant excise duty notifications and excise duty articles only with Taxguru.
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
