ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Excise DutySubscribe to Excise Duty

Taxing Petroleum Products

With the lowering of global crude prices in recent months, the expectation was that this would benefit the users of petroleum products, especially in the industry and transport sectors, and the consumers. This expectation has so far been belied. The central government has not only increased the...

Classification of Goods for Taxation

Defining goods is imperative for the purpose of imposing tax at the correct rate since there are different rates of taxes and there are also exemptions. To ward off controversies, statutory definitions have been introduced in many cases. They are binding even if they are artificial in nature. In fact they have to be artificial in many cases because of the very nature of the goods that are sought to be defined. It is advisable to introduce more statutory definitions in the tariff to minimise controversies in regard to classification of goods.

Tax Change with Retrospective Effect

The legality and propriety of the retrospective withdrawal of excise duty exemption for cigarettes and pan masala manufactured in the north-east. A critical examination.

Indian Iron

The problem of rising costs has been dogging steel producers. They have been asking for a rise in the retention price to neutralise higher costs. Devaluation has further accentuated the problem in a situation in which the Government appears to be reluctant to take any step which is likely to raise the selling price of steel and impart a boost to prices all-round.
Back to Top