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what is excise duty, how much rate calculation on
manufacturing goods?
- 113 Answers
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Answer / kinyera james
It is any excise levy on the commodity being produce locally
within the country.
It is calculation is done on the ex- factory overhead on
cost of raw material,production, labor application and other
bank charges requirment
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / brajesh kumar shandilya
This is the indirect tax charged by the central
government.It is charged on all goods manufactured in
India. Current rate of Excise duty 10% on Basic Price
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amresh singh
I think Excise duty is 10.30% for manufacturing material.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / navneet goel
what is the defination of manufacturing which comes under
excise duty
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dineshkumar
Tha Cental Government collecting the Indirect tax from the
Manufacturing companies. Actual Indirect tax is Excise duty
is 10% + Education cess 2% + Higher Education cess is 1%
total 10.3% Excise duty.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nitindada
Excise Duty is an indirect tax leived by the government
at the time of removal of manufactured goods in India from
the factory premises under cover of invoice. The current
rate of Excise duty is 10%(Basic
Excise Duty), 2%(Edu-cess), 1% (Higher Edu-cess
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kumar
Excise Duty is duty which was compulsory paid to Central
Govt.
This Duty is to be paid by Mfg.
this goods also mfg.in india.
and at time of mfg goods raw material is used.Either which
was import or local.
now Excise Duty is 10% + 2% + 1%
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinay kanade
i think current excise duty rate is 10.30%
| Is This Answer Correct ? | 1 Yes | 0 No |
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