Maharashtra Govt Hikes Excise Duty on Beer
The Maharashtra State Government has increased the excise duty on beer supplied across the State to 25 per cent to mild beer and 35 per cent to strong...
![‘Naphta’ used for Generation of Electricity is a ‘Marketable’ Product, Excise Duty can be Levied: Chennai CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Chennai-Petroleum-Corporation-Ltd.jpg "‘Naphta’ used for Generation of Electricity is a ‘Marketable’ Product, Excise Duty can be Levied: Chennai CESTAT [Read Order]")
Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]
The division bench of the Bombay High Court in Commissioner of Income Tax 4 v. M/s. Harinagar Sugar Mills Ltd, held that the subsidy received from the Bihar Government in the form of excise duty...
![Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Subsidy received as Excise Duty Reimbursement is a Capital Receipt, not Taxable: Bombay HC [Read Judgment]")
Central Indirect Taxes, Excise Duty up by 43.5%, Service Tax up by 25.7 % & Customs Duties up by 5.6% till 30 Nov,2016, Says FM Arun Jaitley
In a press conference held today, the Union Finance Minister Arun Jaitley made statement on ‘Remonetisation and its impact’ to media today. “On the November 8, the Prime Minister had asked for the...
No Excise Duty on goods other than Petroleum & Tobacco Goods: notifies Central Government [Read Notification]
Following the President’s nod to GST (Constitutional Amendment) Bill, 2016, the Government is taking all the possible efforts to meet the deadline of 1st April 2017 to implement the Goods and Services...
Import of Crude Palm Oil which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for exemption: SC [Read Judgment]
In a recent ruling, the division bench of Supreme Court observed that, Crude Palm Oil (non-edible grade) which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for...
