The legal framework around Excise Duty is majorly governed by the two acts-
- Central Excise Act, 1944
- Central Excise Tariff Act, 1985
The two acts underline the laws related to the levying of excise duty that extends to the whole of India.
The rates of Central Excise Duty are defined by the Central Excise Tariff Act, 1985. The Central Excise Act majorly provides the definitions related to excise while the Central Excise Tariff Act includes an elaborate schedule of excisable goods and the tariffs on them. The CBEC, which functions under the leadership of the Finance Minister, administers the levy of excise and custom laws in the country.