what is excise duty, how much rate calculation on
manufacturing goods?

Answers were Sorted based on User's Feedback



what is excise duty, how much rate calculation on manufacturing goods?..

Answer / anju joshi

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 ?    747 Yes 369 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / prasad deshmukh

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 ?    406 Yes 75 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / satpal mujawar

EXCISE DUTY IS CHANGED FROM 14.42% (EXCISE
DUTY+ED.CESS+HIGH. ED.CESS)TO 10.30%

Is This Answer Correct ?    249 Yes 68 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / anuj pathania

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 ?    274 Yes 97 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / mehboob

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 ?    433 Yes 281 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / rp.ananthakumar - roots

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 ?    151 Yes 30 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / narottam kumar

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 ?    119 Yes 27 No

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / praveen

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

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / ajoy chakraborty

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

what is excise duty, how much rate calculation on manufacturing goods?..

Answer / anilkumar m.tumma

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

Post New Answer

More Taxation Interview Questions

one supplier/dealer of a Reputed Electric motor manufacturing company of Kolkata having shop in Dhanbad (Jharkhand)carges 10.3% E.D + Education cess + Jharjhand VAT on ordered value whether is it correct? Are dealer are supposed to charge E.D.

1 Answers  


WHAT IS EXCISE DUTY RATE IN HARYANA

4 Answers  


what is the diffrence between tds and vat?

16 Answers   Accenture, GMR, Tata Lockheed Martin Aerostructures,


If I am purchasing an equipment from Noida for my Agriculture farm in Andhra Pradesh in my individual name, then "Way Bill" or any other form other than invoice is required?

1 Answers  


what are the slab rate for F Y 2010-11

0 Answers  






How can deduct tds from auction cases (timber)

0 Answers  


who will able to deduct the tds

3 Answers  


What is FBT % for the F-Y (2008-2009). & A-Y (2009-2010)

2 Answers   Easiprocess, Tech Plus,


Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

0 Answers  


My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.

4 Answers  


If a contractor received the service tax amount from client and he also purchase the machinary which is used in construction, than can he adjusted of service tax amount to excise duty amount of machinary?

3 Answers   Monnet,


While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  


Categories