On what amount of sale Excise Duty levied?

Answers were Sorted based on User's Feedback



On what amount of sale Excise Duty levied?..

Answer / tej prakash

Well What I think that the value of Exice is not certain
however on every manufacture who doesn't comes under SSI
exemption rule will have to pay excie duty on the basis of
removal of goods on gross sale price of that goods
excluding all taxes on invoice.Thx

Pls correct me if i am worng.

Is This Answer Correct ?    1 Yes 0 No

On what amount of sale Excise Duty levied?..

Answer / arunkumar n

What i Read as per the CEA is 1.5 crore & More if it is
manufacturing company

Is This Answer Correct ?    2 Yes 2 No

On what amount of sale Excise Duty levied?..

Answer / suman

Mr.Tej Prakash,
You are correct. I thought Excise duties are levied at the time of removal on Cost of production. According to you Gross sale minus Taxes are including Profit also. I thought we need to correct our answer.

regards
Suman

Is This Answer Correct ?    0 Yes 0 No

On what amount of sale Excise Duty levied?..

Answer / atul nema

Excise duty levieble on the cost of clearence at the time
of removal of goods.

Is This Answer Correct ?    0 Yes 0 No

On what amount of sale Excise Duty levied?..

Answer / vikasarora1979

What I think is 2 crore & more. Pls correct me if i am
wrong. : )

Is This Answer Correct ?    3 Yes 5 No

Post New Answer

More Taxation Interview Questions

what is out put sale tax and in put sale tax?

1 Answers  


what is document require for vat registration?

4 Answers  


sir i want tax chat,tax calculations

2 Answers  


Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"

2 Answers  


can i take input tax credit on inter state purchase? reply breifly.

9 Answers   IOCL,






what is reverse charges in service tax

1 Answers  


cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.

0 Answers  


how much deduct TDS company or non company

8 Answers  


AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

0 Answers   IBM,


how many types of VAT?

3 Answers   L&T, Samiah International Builders,


What is dog expenses ?

1 Answers  


whether C form is required to be given when goods are given on sample basis for trial purpose or rejected goods

1 Answers  


Categories