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...
Notification under Section 37 – In exercise of the powers conferred by section 37 of the Central Excises and Salt Act, 1944 (1 of 1944) and of all other powers enabling it in this behalf the Central Government hereby directs that references to any authority specified in column 2 of the Table below in the rules made or deemed to have been made under that section or in any other notification
Circular No. 130/41/95-CX Your attention is invited to the Finance Act, 1995 wherein a new section 11BB under Central Excise & Salt Act, 1944 wherein a new section on delayed refunds. Which the enactment of the Finance Act, the the Department has become liable to pay interest at the prescribed rate in case of various types of refund which are not processed within three months from the date of the receipt of refund applications under section 11BB of CE & SA, 1944, till the date of refund of such duty.
Circular No. 129/40/95-CX The new Central Excise rule No. 12(1) (b) has been framed to grant rebate of EC duty paid on raw materials /inputs used in the manufacture of the finished goods exported from India. The new Rule 12(1)(b) thus incorporates in it the erstwhile reels 12 A and 191A of the Central Excise Rules, 1944. A fresh notification 42/94, C.E. (N.T), dated 22.9.94 issued under the new rule permits grant of rebate of duty paid on any excisable materials used in the manufacture and packing of the goods exported. The notification details the conditions for claiming such rebate of duty
Circular No. 128/39/95-CX I am directed to refer to Board”s Circular No. 15/88-CX.I (F.NO. 13/7/88-CX.I) dated 25.4.88 wherein it was clarified that Board considers Zari and Zari items as “handicrafts” eligible for exemption under Notification No. 76/86 dated 10.2.86.
Circular No. 127/38/95-CX I am directed to invite your attention to Board”s letter F.No. 333/33/93-TRU dated 17.3.94 wherein it was stipulated that SSI units having value of clearances less than Rs. 30 lacs need not file a declaration but can send a plain letter with name and address of manufacturer and description of excisable goods being manufactured by him by registered post to the Collector of Central Excise.
Circular No. 126/37/95-CX I am directed to say that with a view to have proper accountal of the raw materials used in the manufacture of cigarettes; Trade Notices have been issued by different Collectorates prescribing maintenance of accounts in respect of different raw materials used in the manufacture of cigarettes
Circular No. 125/36/95-CX I am directed to say that doubts have been raised regarding the interpretation of certain notifications under which exemption from excise duty has been given on certain goods manufactured from duty paid goods.
Circular No. 124/35/95-CX I am directed to invite your attention to the provisions of Rule 173B of Central Excise Rules, 1944, as introduced by Notification No. 11/95-CE (NT) dated the 16th March, 1995.
Circular No. 123/34/95-CX Kind attention is invited to Board”s Circular No. 2/93-Cx.3 (F.No. 95/8/92-Cx.3) dated 21.5.1995 wherein it was clarified that Copper Phthalo Cyanine pigment of purity 95% (+ 1% subject to moisture content) and the most of which passes through the sieve also of 100-125 um may be considered to be standardised ready to use form.
Circular No. 122/33/95-CX Notification 64/93 provides, inter alia, that in a case where saloon car after clearance has been registered for use solely as a Taxi, the manufacturer of the said saloon car shall be entitled to further exemption of duty of 7% subject to the conditions
