Journal Press India®

Union Excise Duties: Evolution and Present Structure

Vol 1, Issue 2, July - December 2014 | Pages: 61-84 | Research Paper  

 
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https://doi.org/10.17492/vision.v1i2.2425


Author Details ( * ) denotes Corresponding author

1. * Niti Bhasin, Assistant Professor, Department of Commerce, Delhi School of Economics, University of Delhi, Delhi, India (nitisurydse@gmail.com)

Excise duties are an important source of indirect tax revenue for the Central Government. This paper looks at the evolution of the excise duty structure in India. The nomenclature, administration and revenue significance of excise duty has been outlined. The paper then looks at the reforms in the excise duty structure by analysing the recommendations of the various Committees constituted in this regard. We also examine the problem of the taxation of inputs and the resulting cascading effect on the prices of final products by looking at the transition from pre-MODVAT arrangements to MODVAT and CENVAT structure. Finally, the paper highlights the problems created by exemptions and concessions and how these concessions are misused. There is a need to understand that if concessions are judiciously used, they can become an effective tool of economic change on desired lines

Keywords

Excise duty, MODVAT, CENVAT, Exemptions

  1. Government of India. (1968). Ministry of Finance, Final Report on Rationalisation and Simplification of Tax Structure (Chairman: S. Bhoothalingam).
  2. Government of India. (1978). Ministry of Finance, Report of the Indirect Taxation Enquiry Committee (Chairman: L.K. Jha), Part II.
  3. Government of India. (1980). Ministry of Finance, Report of the Expert Committee on Tax Measures to Promote Employment (Chairman: V.M. Dandekar).
  4. Government of India. (1985). Ministry of Finance, Report of the Technical Study Group on Central Excise Tariff, Part I
  5. Government of India. (1991). Ministry of Finance, Interim Report of the Tax Reforms Committee (Chairman: Raja Chelliah).
  6. Government of India. (1992). Ministry of Finance, Final Report of the Tax Reforms Committee (Chairman: Raja Chelliah), Part I.
  7. Government of India, Ministry of Finance, Speeches of Union Finance Ministers, 1947-48 to 1984-85.
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