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
Extended Limitation Unjustified Without Suppression or Fraud: Chandigarh CESTAT
Excise Demand Set Aside as SCN Failed to Allege Wilful Suppression: Delhi CESTAT
Chandigarh CESTAT Allows Appeal After Finding No Suppression to Invoke Extended Limitation
CESTAT Delhi Allows KKC & SBC Refund Despite Limitation & Unjust Enrichment Objections
Unmachined Castings Eligible for Excise Exemption Despite Different Tariff Heading: CESTAT Hyderabad
Sales Commission Not Includable in Excise Value Without Buyer Recovery Evidence: CESTAT Kolkata
CESTAT Bangalore Allows CENVAT Credit as Services Had Nexus with Manufacturing Business
CESTAT Bangalore Allows Cenvat Credit for Event, Catering, Cab & Pandal Services
CESTAT Remands Matter for Verification of CENVAT Credit Utilization to Determine Interest Liability
SC Upholds Taxability of Interest Earned on Bank Deposits by Clubs Rejecting Mutuality Principle
Kerala HC Sets Aside Abkari Fine for Board Reconstitution Without Ownership Change
CESTAT Chandigarh: CENVAT Credit Cannot Be Denied for Pre-2014 Inputs From Exempt Units
CESTAT Kolkata: Excise Duty Demand Set Aside as Gas Compression for Transportation Is Not Manufacture of CNG
CESTAT Allows CENVAT Credit on Factory Setting-Up Services Under Rule 2(l)
Latest Excise Duty News
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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
