Central Excise Duty In India

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Central Excise Duty In India

Indirect taxation contributes significantly towards

government revenues. Indirect taxation, inter-alia, comprises

of Central Value Added Tax (CENVAT - excise duty), Customs

duties, Service tax, Central sales tax and Value-added taxes

(formerly known as Sales Tax). Excise duty, customs duties,

service tax and Central sales tax are administered by the Union

Government whereas the value-added taxes are administered by

the States. Excise duty and Custom duties contribute nearly 50%

of the total revenue collection of the Union Government.

This article gives a bird's eye view of the statutory

enactments under which excise duty is collected, the procedural

requirements, the administrative setup and the quasi judicial

authorities to deal with disputes between the Government and

assesses.

The Charge of Excise Duty:

A tax, known as the Central Value Added Tax (CENVAT),

commonly referred to as excise duty, is levied on the

manufacture and production of 'excisable goods' in

India. This tax is levied under the Central Excise Act, 1944

(hereinafter 'Excise Act') and administered by the

Union Government of India. The duty is...

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