All posts by Aakriti Agarwal - 81. page

Professional Tax Consultant and Blogging

Central Excise (Appeals) Rules, 2001 under Body of Central Excise Law : The procedure relating to appeals are covered in this rules which was earlier included in Central Excise Rules, 2001.

CENVAT Credit Rules, 2004 under Body of Central Excise Law : The provisions relating to Cenvat credit which were a part of Central Excise Rules, 1944 were given a separate identity from 1st […]

Central Excise Rules, 2002 under Body of Central Excise Law : These Rules contain the procedure for the assessment and collection of duty including other procedures like manner of payment of duty, registration, maintenance […]

Central Excise Act, 1944 under Body of Central Excise Law : This Act contains the basic provisions relating to the levy of excise duty. There are 10 chapters in the Central Excise […]

History of Central Excise Law : History: Prior to 1944 there were 16 individual Acts which levied excise duty. Each such act dealt with one or same type of commodities. All […]

Duties under Central Excise Act, 1944 : Excise duties are of following types – (i) Basic excise duty: This duty is levied under section 3(1)(a) of Central Excise Act. As per […]

Meaning of excise duty: Excise is derived from the Latin word “Excisum / Excidere which means to cut out”. Excise, according to the Federal Court and Privy Council is a tax […]

Direct and Indirect taxes : Taxes are broadly classified into Direct taxes and Indirect taxes. Direct Taxes Indirect taxes Direct Taxes are taxes which are levied on persons for the income earned […]

Constitution of India : Power to levy and collect taxes whether direct or indirect emerges from the Constitution of India. Without a study of the basic provisions in the Constitution, no […]