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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 (1904)
 Accounting General interview questions  Accounting General Interview Questions (2829)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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
 
plz any bdy tell me about use of vat form r1 & r2 & it's use?..........   3
Normally we sale Black Pitch on 2% CST for OMS. Now i am going to make transaction from MH to GUJ with full tax. Pls confirm % for full tax from MH to GUJ Cargill 1
We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?   3
what is vat? HCL 8
How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.   1
What is the difference between fund flow and cash flow for a company?   1
Anybody tell me What is Credit Availed, Credit Utilized & Credit Balance In service tax.   1
Dear Sir please give the answar for the following question. What is the CST rate, if C form is fail to file after issued final Assessment Order. Because our commidity is @ 4%. But in the assessment order they are demanding @12.5% tax to which c forms are not submitted. for this issue what is the rate applicable.   1
Ours is a SSI unit manufacturing Leather Footwear In himachal Pradesh . We send the Some Material for JOb Work in other state like pujnab, Haryana , and last finishing done at our end , are job worker required to pay service excise duty or service tax or other any taxes Carlton 2
how to calculate the TDS? MCC 3
We issued C for the provisional price first. Again for the payment of Price Variation payment a fresh C form is to be issued?   1
Net Worth is: 1)total Assets less outside laibilities 2)Total liabilities plus owners equity fund 3)Current Assets less current liabilities 4)Total accumalted profit less liabilities   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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