Excise Duty : India reduced excise duty on petrol and diesel to offset rising global crude prices due to geopolitical tensions. The move aimed t...
Goods and Services Tax : Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is a trust-based, technolo...
Goods and Services Tax : The Bill introduces relief on post-supply discounts, export taxation, refunds and intermediary services. It also simplifies custom...
Excise Duty : Discover how the Central Excise (Amendment) Act, 2025 revamps tobacco taxation, introducing steep excise duties on cigarettes, che...
CA, CS, CMA : ITIRS 2018 encourages citizens to report substantial tax evasion, guaranteeing confidentiality and structured rewards. False repor...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Excise Duty : A special court imposed five years’ rigorous imprisonment and heavy fines after finding assets far beyond known income. The ruli...
Excise Duty : The FAQs clarify how excise duty on chewing tobacco, jarda, and gutkha will be levied based on packing machine capacity rather tha...
Income Tax : MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2025 FINANCE BILL, 2025 PROVISIONS RELATING TO DIRECT TAXES Introduction...
Custom Duty : Article contains Explanatory Memorandum to Notification Nos. 02 to 12-Customs, dated the 1st February, 2023 and Explanatory Memora...
Excise Duty : CESTAT Hyderabad held that rule 7 of Cenvat Credit Rules, 2004 is just a procedure and procedural lapse cannot be ground to deny t...
Excise Duty : The government amended the excise notification to revise the duty rate to Rs. 31.5 per litre. The change is effective immediately ...
Excise Duty : Finance Ministry amends Notification 08/2026 to raise SAED on export of ATF to Rs 42 per litre, effective immediately from April 1...
Excise Duty : The government amended an earlier excise notification to revise the applicable rate to ₹24 per litre. The change has been made i...
Excise Duty : Government has increased Road and Infrastructure Cess on high speed diesel to ₹36 per litre through a new notification. The chan...
Excise Duty : Finance Ministry increases Special Additional Excise Duty on high speed diesel to Rs 24 per litre by amending Eighth Schedule, eff...
CBIC amends Notification No. 18/2022-Central Excise, dated 19th July, 2022 to decrease the Special Additional Excise Duty on production of Petroleum Crude to Rs. 13,000 per tonne and increase Special Additional Excise Duty export of Aviation Turbine Fuel to Rs. 2 per litre vide Notification No. 24/2022-Central Excise | Dated: 18th August, 2022 MINISTRY OF […]
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to increase the Special Additional Excise Duty on Diesel vide Notification No. 23/2022-Central Excise | Dated: 18th August, 2022 NINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 23/2022-Central Excise | Dated: 18th August, 2022 G.S.R. 641(E).—In exercise of the powers […]
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel vide Notification No. 22/2022-Central Excise | Dated: 02nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 22/2022-Central Excise | Dated: 02nd […]
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel vide Notification No. 21/2022-Central Excise | Dated: 2nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 21/2022-Central Excise | Dated: 02nd August, 2022 G.S.R. 613(E).—In exercise of the powers conferred […]
CBIC directs that powers exercisable by CBIC under rule 3 of Central Excise Rules, 2017 and rule 3 of Service Tax Rules, 1994, may be exercised also by-(a) Principal Chief Commissioner of Central Excise and Service Tax; or (b) Chief Commissioner of Central Excise and Service Tax,
Seeks to amend No. 10/2022-Central Excise, dated the 30th June, 2022, to reduce the Road and Infrastructure Cess on export of Petrol vide Notification No. 20/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 19th July, 2022 Notification No. 20/2022-Central Excise G.S.R. 586(E).— In exercise of the powers […]
Seeks to exempt the excisable goods, namely Petrol, Diesel and Aviation Turbine Fuel from Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC) when exported from units located in the Special Economic Zones (SEZ) vide Notification No. 19/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 19th […]
CBIC reduces Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel vide Notification No. 18/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 18/2022-Central Excise | Dated: 19th July, 2022 G.S.R. 584(E).—In exercise of the powers conferred by section 5A of the Central Excise […]
Seeks to amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on exports of Petrol and Diesel vide Notification No. 17/2022-Central Excise Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 17/2022-Central Excise | Dated: 19th July, 2022 G.S.R. 583(E).—In exercise of the powers conferred by […]
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th July, 2022 Notification No. 16/2022-Central Excise G.S.R. 579(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to […]
