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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2812)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
what is excise duty, how much rate calculation on
manufacturing  goods?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
excise duty was 16.5% before 1April08.From 1stApril,the
rate has been changed to 14%
 
Is This Answer Correct ?    741 Yes 366 No
Anju Joshi
 
Answer
# 2
excise duty is duty on manufactured levied it following 4
condition must be satisfied
duty on goods
goods must be maunfactured in india
goods must be excisable
 
Is This Answer Correct ?    402 Yes 75 No
Prasad Deshmukh
 
 
 
Answer
# 3
EXCISE DUTY IS CHANGED FROM 14.42% (EXCISE
DUTY+ED.CESS+HIGH. ED.CESS)TO 10.30%
 
Is This Answer Correct ?    246 Yes 68 No
Satpal Mujawar
 
Answer
# 4
excise duty is duty on manufactured levied it following 3
condition must be satisfied
1.duty on goods
2.goods must be maunfactured in india
3.goods must be excisable

The rate of excise duty was 16.48% before 1 apr.'08. From 1
apr.'08 the rate of excise duty has been changed to 14.42%.
 
Is This Answer Correct ?    271 Yes 97 No
Anuj Pathania
 
Answer
# 5
The rate of excise duty was 16.48% before 1 apr.'08. From 1
apr.'08 the rate of excise duty has been changed to 14.42%.
 
Is This Answer Correct ?    432 Yes 280 No
Mehboob
 
Answer
# 6
The Excise duty is the indirect tax and is like a value
added tax. The Excise Duty levied by central govt. on
manufacture or production of goods in india. It is charged
at time finished goods cleared from our place. Excise
Invoice raised for this tax.

The rate of the Excise Duty(ED) is 10% on the
transaction/goods value, Edu. Cess @ 2% on ED and S&H Edu.
Cess @ 1% on ED from 07.12.2008 onwards.
 
Is This Answer Correct ?    147 Yes 30 No
Rp.ananthakumar - Roots
 
Answer
# 7
The Current Excise Duty is 8% + education cess @ 2% on ED+
Sec Edu Cess @ 1% on ED,
Total Tax = 8.24%, w.e.f. 25.02.2009.
 
Is This Answer Correct ?    117 Yes 25 No
Narottam Kumar
 
Answer
# 8
FORM 7.12.2008 THE PERCENTAGE OF CENVAT ON MANUFATURING
GOODS IS 10% IT IS REDUCED BY THE CENTRAL GOVT.BEFORE THAT
THE % OF DUTY IS 14%
 
Is This Answer Correct ?    145 Yes 60 No
Praveen
 
Answer
# 9
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 from 25th of Feb, 2009 if 8%(Basic
Excise Duty), 2%(Edu-cess), 1% (Higher Edu-cess)
 
Is This Answer Correct ?    93 Yes 15 No
Ajoy Chakraborty
 
Answer
# 10
Manufactured goods (Excisable) if we charged less rate at
the time of despatch the material and raised excise gate
pass then authomatically all the value (liability) is less
as compare to revised price. So Calculation the difference
of value is to be payable excise duty and interest on the
exisiting rate as per period of delay days.
 
Is This Answer Correct ?    141 Yes 68 No
Anilkumar M.tumma
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
My estimated income for the financial Year 2009-10 will be 485000/- please make a tax plan to escape legally from paying taxes   1
how to make the entry....??? sumit got salary 20000 & charge 10% tds on his salary..   4
whether TDS is deducted on internet charges(leased line) and which section does it belong to and if it is applicable then what is the maximum exemption limit? Airtel 3
WHAT IS THE AMOUNT LIABLE TO THE DEDUCTION OF ESIC?   4
Can we take back/rebate the excise duty which already paid on export sales? If yes, please guide me a procedure.   2
what mean by tds on vat?   3
If i want to pay less tax,which method of depriciation should be adopted?   4
What is the difference beteen service tax & Excise Duty ?   1
How to Claim Cenvat Credit.   2
Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing   2
What is the posting of TDS Receivable in balance sheet   7
what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.   5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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