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
Classification to be determined on Common parlance/principal purpose/end user test: SC
Refund of unutilized Cenvat of inputs available under Cenvat Credit Rule 5
Assessing ‘fruit pulp’ based on sale price of ‘fruit juice’ unjustified
Cenvat Credit of Clean Energy Cess not available
Process of slitting jumbo rolls doesn’t amount to manufacture
Levy of NCCD in absence of excise duty is not bad in law
Transitional credit being vested right cannot be taken away on procedural/ technical grounds
CENVAT Credit on Commission Agents Services – Calcutta High Court
Assessee filed ST-3 return on or before 30.6.2019 and paid tax dues in full before filing application – SVLDR benefit eligible
CESTAT: Demand of duty of Rs. 163 Crore based on assumptions is not permissible
Special Additional Excise Duty (SAED) on Diesel reduced to Rs. 3.50 per litre
SAED on Petroleum Crude Production & Aviation Turbine Fuel export reduced
CBIC extends date for additional duty for unblended fuels
Cenvat credit available on service tax paid to commission agent
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
