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what is excice duty and where is applicable



what is excice duty and where is applicable..

Answer / aman

Excise duty is a duty on manufacture,

The general rate is 16% + 2 % education cess

However it changes acc to the classification of the goods,

check the CENTRAL EXCISE TARIFF ACT for the rate for
pharmaceutical products

Is This Answer Correct ?    2 Yes 2 No

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