Excise News

Sabka Vishwas scheme extended to 15th Jan 2020

01 January 2020 at 20:43

Sabka Vishwas (Legacy Dispute Resolution) Scheme has received a huge response with almost 73% of the total eligible taxpayers availed the Scheme and have committed to pay tax dues of Rs. 30,627 Crores. Keeping in view the response of the taxpayers to

Posted in Excise | 7629 Views

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 for Central Excise & ST will be valid till 31st December

03 September 2019 at 11:33

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 for Central Excise & ST will be valid till 31st December

Posted in Excise | 2901 Views

Excise Duty on Petrol and Diesel reduced by Rs 2 per litre

04 October 2017 at 11:22

The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with effect from 4th October, 2017; This major decision has been taken by the Government in order to cushion the

Posted in Excise | 1344 Views

40 Officers of the Customs & Central Excise selected for Grant of Presidential Award

24 January 2017 at 10:48

40 Officers of the Customs & Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service.1. Every year, the Officers of the Board of Customs & Central Excise, Department of

Posted in Excise | 2 comments | 2115 Views

POS Devices exempted from Central Excise Duty till 31st March

30 November 2016 at 10:42

Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016.

Posted in Excise | 1 comments | 1863 Views

Revised Monetary Limits for adjudication of Show Cause Notice in Central Excise and Service Tax

30 September 2016 at 10:48

Circular No. 1049/37/2016-CX F. NO. 267/40/2016-CX.8 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, dated the 29thSeptember, 2016 To,All principal Chief Commissioners/Chief Commissioners o

Posted in Excise | 2586 Views

CBEC takes Litigation Management and Dispute Resolution measures

26 April 2016 at 11:27

CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Co

Posted in Excise | 5286 Views

Govt constitutes committee on issues related to excise duty on jewellery

22 March 2016 at 11:14

Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on different articles of jewellery imposed in Budget 2016-17; Committee to submit its Report within sixty days In the Union Bud

Posted in Excise | 9378 Views

CBEC revises limit of arrest and prosecution to 1 crore

24 October 2015 at 11:20

Central Board of Excise and Customs revises limit for arrest and prosecution substantially upwards ; In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from Rs. 5 lakh to Rs.

Posted in Excise | 1 comments | 9138 Views

Indirect tax revenue jumps by 32.6 percent

10 October 2015 at 10:50

Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period i

Posted in Excise | 2 comments | 8847 Views