Govt reduces Excise Duty Rate on Petrol and Diesel [Read Notification]
The Government of India has decided to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with...
![‘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]")
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...
Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]
The Supreme Court Division Bench comprising of Justice A.K. Sikri and Justice R.F. Nariman today, in the case, Commissioner of Central Excise, Raigad v. M/s Ispat Metallics Industries Ltd v. Ors,...
![Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]](/images/placeholder.jpg "Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]")