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The Lok Sabha on Wednesday passed the Central Excise (Amendment) Bill, 2025, with Finance Minister Nirmala Sitharaman emphasising that the proposal restored substantive excise duty on tobacco products that had been drastically reduced after the goods and services tax (GST) introduction, and “is neither a new levy nor a cess”.
Sluggish collection of excise duty from petroleum and natural gas — even before the windfall tax regime got scrapped in December — shows that the sector’s overall tax contribution to the public exchequer is likely to drop significantly in FY25, said officials.
CBIC issued on Notification no. 44/2024-Customs dated 27.09.2024 seeking to amend Export Duty on Certain Varieties of rice.
The Settlement Commission has published a compendium containing all provisions related to ‘Settlement of cases’ in the Customs Act, Central Excise Act and the Finance Act 1994 (Service Tax), Rules, Procedures & forms.
The CESTAT, Kolkata in the case of M/s. Mahanadi Coalfields Limited v. Commissioner of Central Excise & Service Tax, BBSR [Excise…
The CESTAT, Ahmedabad in the case of M/s. Emtee Poly Yarn Pvt. Ltd. v. C.C.E. & S.T. VAPI allowed the appeal and set aside the demand, holding that the effective NIL rate of A.E.D. on the day of clearance would be applicable for the purpose of calculation of A.E.D.
The CESTAT, Ahmedabad in Rajesh Mangal v. C.C.E. & S.T.-Ahmedabad-III held that the demand for Excise Duty would be valid if the Assessee was aware that the transaction was done without the payment of duty and subsequently reduced the penalty imposed under Rule 26 of the Central Excise Rules, 2002.
The CESTAT Bangalore in M/s. Steel Authority of India Ltd. v. The Commissioner of Central Excise [Appeal No. E/562/2008 dated…
The Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as…
The Hon’ble Calcutta High Court in Principal Commissioner of Income Tax – 1, Kolkata v. M/s. Beekay Steel Industries Limited,…