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
Reversal of Cenvat credit amounts to non-taking of credit on inputs
Duty demand u/r 17H of Central Excise Rules merely for clearance after 6 months unsustainable
CESTAT upheld penalty on cenvat credit availed on input service used for manufacture of exempted goods
CENVAT credit eligible on goods used for manufacturing of BMD Vehicles & Storage Tank which are must for preparing Bulk Explosive
Cenvat credit eligible on input & packaging materials used for testing products
HC set-aside ex-parte order passed after keeping proceedings in call book for 17 years without intimating Assessee
Inordinate delay in adjudication results into denial of principles of natural justice
CBIC increases Special Additional Excise Duty on Diesel to Rs. 11.50 per litre
SAED on Petroleum Crude Production reduced & increased on Aviation Turbine Fuel
Mechanism for implementation of additional basic excise duty on sale of unblended petrol
Multiple litigations in Budgetary Support Scheme Refund
Cenvat credit cannot be denied without discussing nature & use of services in factory
Pre-deposit payment method for cases pertaining to Excise & Service Tax
Withdrawal of Exemption for use of some part of Naphtha in electricity generation- HC set-aside Tribunal order requiring pre-deposit
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
