SC Confirms Levy of Excise Duty on Perfumery Compounds as it is ‘Marketable’ [Read Judgment]
A three-judge bench of the Supreme Court of India, last week, ruled that perfumery compounds are subject to excise duty under the Central Excise Act,...
![‘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]")
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...
Excise Duty can be imposed on Certain Products of Yarn ; SC disallows the Claim for Exemption [Read Judgment]
The Division Bench of the Supreme Court today disallowed the claim of manufactures of certain products of yarn and held that excise duty can be levied on such products. The Court, on an appeal filed...