Tag: Excise

The Central Excise Tariff Act, 1985 incorporates FIVE Rules of interpretation, which together provide necessary guidelines for classification of various products under the schedule. Rules for Interpretation of Schedule to Tariff are given in the Tariff itself. These are termed…

All goods are classified using 4 digit system. These are called ‘headings’. Further 2 digits are added for subclassification, which are termed as ‘sub-headings’. Further 2 digits are added for sub-sub-classification, which is termed as ‘tariff item’. Rate of duty…

Central Excise Duty is chargeable on the goods, which are manufactured in India and are subject to excise duty. However, all goods cannot be charged with the same rate of duty. Therefore, the goods need to be grouped into separate…

Manufacturer is the person who actually brings new and identifiable product into existence. • Duty liability is on manufacturer in most of the cases. • Mere supplier of raw material or brand name owner is not ‘manufacturer’. • Loan licensee…

Any Taxable event for central excise duty is manufacture or production in India. The word ‘produced’ is broader than ‘manufacture’ and covers articles produced naturally, live products, waste, scrap etc. Manufacture means to make, to inset, to fabricate, or to…

• Section 2(d) of Central Excise Act defines Excisable Goods as ‘Goods specified in the First and the Second Schedule to Central Excise Tariff Act, 1985 as being subject to a duty of excise and includes salt. As per explanation…

Goods It is obvious from section 3(1) that, to attract excise duty, the following conditions must be fulfilled : • There should be goods; • The goods must be excisable; • The goods must be manufactured or produced; and •…

Taxable Event : Excise duty is leviable on all excisable goods, which are produced or manufactured in India. Thus, manufacture or production in India’ of an excisable goods is a ‘taxable event’ for Central Excise. It becomes immaterial that duty…