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Excise duty

MODVAT Credit not allowable as Deduction u/s 43B of Income Tax Act: Supreme Court [Read Judgment]

The Supreme Court in the case of Maruti Suzuki India Ltd v CIT has held that MODVAT credit does not qualify as ‘any sum payable by the assessee by way...

Budget 2020: Key Takeaways of Indirect Tax Proposals

Free - Distribution of Toothbrushes in Combo Pack not attract Excise Duty: CESTAT [Read Order]

CBIC extends Due Dates for filing ER-1 and 2

Pay Excise Duty and Service Tax Dues through Easiest Portal: CBIC

Charitable Donations cannot be included in Assessable Value while determining Excise Duty: SC [Read Judgment]

The Supreme Court has held that charitable donations charged in invoice while selling goods cannot be included in the assessable value while determining excise duty. The appellant-assessee M/s D.J....

Cinder not subject to Excise Duty, rules CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that cinder is not a dutiable goods and therefore, deleted the excise demand on the same from the department. The appellants...

Excise Duty Refund is Capital Receipt, Excludable while Computing Book Profit: ITAT [Read Order]

The Income Tax Appellate Tribunal, Delhi bench has ruled that the receipt of refund of Excise duty by the assessee is capital receipt and the same can be excluded while determining book profit under...

Excise Duty can’t be levied on Post-Sale Payments like Bonus: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that the amount paid as bonus or penalty being, post- sale payments cannot be includable in the assessable value and...

Manufacturer Eligible to Refund of Terminal Excise Duty on supply of Goods to a 100% Export Oriented Unit: Delhi HC [Read Judgment]

The Delhi High Court has recently held that the manufacturer who supplied goods (after payment of excise duty via the route) to a 100% Export Oriented Unit (EOU) is entitled to claim the refund of...

Bakery Items Manufactured and Sold by Hotels subject to Excise Duty: CESTAT [Read Order]

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) last day held that Excise Duty leviable on bakery Items manufactured and sold by Hotels. The appellants are...

CESTAT allows Cash Refund of Pre-Deposited Cenvat Credit [Read Order]

The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Delhi bench recently ordered the refund of pre-deposited cenvat credit in cash to the owner of now-defunct manufacturing industry. ...

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