More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

The IRS has published a Treasury Decision on corrections to final regulations regarding the excise tax on repurchases of corporate stock made after Dec. 31, 2022. The corrections revise § ...

The government has withdrawn Central Excise duty on unmanufactured tobacco or tobacco refuse. Earlier, 18% Central Excise duty was levied on unmanufactured tobacco when it was cleared without a brand ...

An additional excise duty on cigarettes and tobacco products, and a health cess on pan masala, over and above the highest 40 per cent GST rate, will come into effect from February 1. The cess and ...