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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 / ganesh pillai

the rate of excise duty is 8.2416%

Basic excise duty 8%
Edu. Cess 2%
H.Cess 1% of (Basic + Edu. cess)

Is This Answer Correct ?    82 Yes 29 No

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

Answer / yoithoibi

excise duty is an indirect tax levied on manufacturing
goods at the time when it is removed from the place where
it is actually manufacture. presently the E.D. rate is 8%
and educational cess is 2% and 1% higher edu- cess.

Is This Answer Correct ?    68 Yes 17 No

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

Answer / mohammadrafik

Basic Excise Duty 8%
Eduction Cess 2%
H. Cess 1%
8.24%

Is This Answer Correct ?    69 Yes 20 No

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

Answer / mohammadrafik

tha exise duty calcutation
Bed 8%
Cess2%
Hs cess 1%
8.24 %

Is This Answer Correct ?    65 Yes 22 No

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

Answer / asghar alam siddiqui

This is the indirect tax charged by the central
government.It is charged on all goods manufactured in
India.Its value before 7th december was 14.42 % and now it
has been changed to 10.3 %.

Is This Answer Correct ?    76 Yes 39 No

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

Answer / deepak karbhari warungase.

Excise duty is duty on manufactured levied it followes
four condition must be satisfied
Duty on Goods
Goods Must be manufactured in india
goods must be excisable.

Is This Answer Correct ?    46 Yes 15 No

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

Answer / t. ravi sekhar

whether by the price reduction i.e before 7-dec-2008 the
excise duty was 14.42% and after dec7th it became 10.30%
so, by this is it loss to company or profit

Is This Answer Correct ?    108 Yes 82 No

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

Answer / narottam kumar

All goods that are produced or manufactured in India will
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.

The Current Excise Duty is 8%
+ education cess @ 2% on ED
+ Sec Edu Cess @ 1% on ED,
Total Tax = 8.24%, with effective from 25.02.2009.

Is This Answer Correct ?    27 Yes 9 No

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

Answer / anuj gautam

Excise duty is indirect tax .

bed-8%
e.cess-2%
h.e.cess-1%
total-8.24%

Is This Answer Correct ?    19 Yes 6 No

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

Answer / narottam kumar

All goods that are produced or manufactured in India will
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.

The Current Excise Duty is 10%
+ education cess @ 2% on ED
+ Sec Edu Cess @ 1% on ED,
Total Tax = 10.30%, with effective from 26.02.2010.

Is This Answer Correct ?    13 Yes 1 No

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