CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...
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...
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 : CBIC has amended Notification No. 08/2026-Central Excise to revise the SAED rate on ATF exports outside India to Rs. 12.5 per litr...
Excise Duty : CBIC has amended Notification No. 06/2026-Central Excise to revise the SAED rate on diesel exports outside India to Rs. 14 per lit...
Excise Duty : Notification No. 29/2026-Central Excise grants Nil Agriculture Infrastructure and Development Cess on E22, E25, E27 and E30 petrol...
Excise Duty : Notification No. 28/2026-Central Excise exempts E22, E25, E27 and E30 petrol blends from additional excise duty in the form of Roa...
Excise Duty : Notification No. 27/2026-Central Excise extends Nil special additional excise duty benefits to E22, E25, E27 and E30 petrol blends...
Centre amends Central Excise Rules to exclude petrol, diesel and ATF exports from duty-free or rebate provisions, except exports by PSUs to Nepal, Bhutan, Bangladesh and Sri Lanka.
The issue concerns continuation of an earlier excise notification. The government rescinded it prospectively while protecting past actions, ensuring legal continuity.
Notification No. 12/2026-Central Excise amends Notification 4/2019 to exclude petrol and diesel cleared for export, except exports by PSU oil firms to select countries.
Notification No. 11/2026-Central Excise sets Road and Infrastructure Cess rates on petrol and diesel cleared for export, with specified exemptions.
Notification No. 10/2026-Central Excise exempts basic excise duty and AIDC on petrol and diesel, and basic excise duty on ATF when cleared for export.
Notification No. 9/2026-Central Excise exempts Aviation Turbine Fuel from Special Additional Excise Duty, except exports other than PSU exports to select nations.
Notification No. 8/2026-Central Excise prescribes an effective Special Additional Excise Duty rate of Rs. 29.5 per litre on Aviation Turbine Fuel cleared for export.
The government introduces a new special excise duty of ₹50 per litre on aviation turbine fuel. The levy applies immediately through amendment to the Finance Act schedule.
The notification sets nil duty on petrol and ₹18.5 per litre on diesel under special excise. It applies only to exports with specific exclusions for PSU oil company exports.
Notification No. 05/2026-Central Excise reduces Special Additional Excise Duty on petrol and diesel for domestic consumption; exports excluded.
