what is meaning the central excise duties
Answers were Sorted based on User's Feedback
Answer / ashid puzhakkal
Central Excise duty is the levy paid by the manufacturer of
the products to the Govt.
|Is This Answer Correct ?||203 Yes||22 No|
Answer / indrajit sarkar
The meaning of Central Ecise,that the duties of Central
Excise are levied and collected by the Goverment of India
only on Production or Manufacture. It is one of the Inirect
Taxes by charecter as the manufacturers can shift the
incidence of the Central Excise duty on the Consumers.
|Is This Answer Correct ?||163 Yes||23 No|
Answer / sutapa samanta
This is an indirect tax payable to Govt of India which is
levied on manufacturing goods/commodities.
|Is This Answer Correct ?||106 Yes||3 No|
Answer / selvam s
Any goods manufacutred in India attracts Excise Duty and
this indirect tax is payale on removal of goods through
excise invoice from the manufacturers place.
|Is This Answer Correct ?||69 Yes||11 No|
Answer / saurabh arora
This is the indirect tax levied on manufacturer which is
payable to Govt. of India. The manufacturer adds the this
tax on its cost thus it finnaly passed to the customer.
|Is This Answer Correct ?||54 Yes||4 No|
Answer / deepakshi
when a manufacturer produces goods then he has to pay some duties & taxes to the government before exporting the goods then only he can get the clearance from custom authorities.
|Is This Answer Correct ?||36 Yes||5 No|
Answer / suresh.s
central excise is a tax on act of manufacture or production of excisble goods
|Is This Answer Correct ?||34 Yes||4 No|
Answer / r.umashankari
it is a type of indirect tax levied on manufacturer , which
he pays to the government . current percentage of excise is
16% with educational cess 2%.
|Is This Answer Correct ?||35 Yes||11 No|
Answer / rike
it is a type of indirect tax that government levied from the
consumer indirectly.the tax was supposed to be paid by the
producer to the government but instead of paying directly to
the government the producer pays it indirectly by increasing
the price of commodities esp. oil,fuel etc.
|Is This Answer Correct ?||20 Yes||2 No|
Answer / xyz
when a manufacturer produces goods then he has to pay some
duties & taxes to the government before exporting the goods
then only he can get the clearance from custom authorities.
|Is This Answer Correct ?||22 Yes||6 No|
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