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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
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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 ?    742 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 ?    403 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 ?    247 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
 
WCT Exemption limit ?? Pl explain on which items WCT is applicable. TATA 5
wats the journal entry for payament of Company's Income Tax & under what head does income tax comes in TAlly   2
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What is the WCT? Why deduct the WCT the client.?   3
Tax Audit is compulsory to whom?   11
what is waybill ? when we supplied a machine to Gujarat from Hyderabad they asked waybill. How it is different from consignment note?   2
what is the diffrance between tax invoice & retail invoice what is the rule of making invoicing please detail about this./   1
What is the VAT on Gold?   6
how esic be calculated? On basic salary or earned salary? If i have gave advance salary to an employee in last month then how should i deduct the salary take an example if salary of an employee is Rs. 4750 and i deduct rs. 83 as esic contribution in current month if i've gave 83 in advance in last month then how much money exactly i give him. means esic cut on 4667 or 4750?   1
We are into Press Tool & Die Manufacturers and regisered with ESI. for Expansion of Building we are paying civil contract bills ( incluidng labour as well as material) . Please let me know while making payment we have to deduct ESI because civil contrator is not registered under ESI. My question is contractor issue bill including material . on what amount we have to deduct ESI. Please let me know.   1
Can we take back/rebate the excise duty which already paid on export sales? If yes, please guide me a procedure.   2
What is VAT stands for? what kind of VAT it is? OPI-Global 6
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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