what is meaning the central excise duties
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Answer / sajitha
Excise duty is a tax on manufacture or production of goods.Excise duty on alcohol ,alcoholic preparations,and narcotic substances is collected by the state government and is called "state excise" duty.The Excise duty on rest of goods is called "Central excise" duty and is collected in terms of section 3 of the Central Excise Act,1944.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / lohini
central excise duty is a duty levied on manufuturing of
excisable goods in india by the central government.central
excise duty on goods is paid at the time of removal i.e.,
clearance of goods from the factory and it is paid by the
manufacturer of the excisable goods
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / hitesh oza
Central Excise Duty:
Excise is a duty. It is collected by Central Government of India and classified in Indirect Taxes. If Any manufacturer produces the goods in India by processing, Excise duty attracts on such goods. Central Excise Duty is paid on removal of goods from manufacturing unit (factory) through excise invoice from the manufacturer’s place. Manufacturer has to pay excise duty before exporting out of country and then he can get the clearance from Custom Authorities.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / s.karthikeyan
Central excise duties is a levy, it must be pay to
Manufacture at time of export the goods.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / ankur
Excise is one type of duty which levy by Govt. India on
manufacturer. when product ready to despetch condition than
at this time Excise duty effect. At this time Total Ex. Duty
10.30%
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / muthusundar.s
Central excise is a tax on a Process or production of excisble goods to the correct taxaction of the tax office to submit the correct record...
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