what is excise duty, how much rate calculation on
manufacturing goods?
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Answer / adesh agarwal
Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
excise duty in current time is 8% and education cess is 2%
and s h c is 1% now is calculated.
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / anuj sharma(noida)
bed:-8%
e.cess:-2
h.cess:-1
total:-8.24
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / riya
Excise duty is a indirect tax which is levied by on
manufacturers. the three conditions should be satisfied for
impose excise.
1. Goods must be manufactured in India.
2. Goods must be excisable.
the present rate of Excise is 8% + Ed.cess 2%+ H.Ed.Cess
1% that means that rate of Excise is 8.24%.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / yash
I THINK THIS IS RIGHT FROM 25 FEB. 2009
Basic Excise Duty 8%
Eduction Cess 2%
H. Cess 1%
8.24%
| Is This Answer Correct ? | 16 Yes | 9 No |
Answer / prateek singhal
Basic Duty 8.246%
Edu Cess (Basic*2%)
H. Cess (Basic*1%)
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / satyendra kushwaha
excise duty 8% edu.cess 2% h.edu.cess 1% total =8.24%
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / vijay kiran challapalli
8.24% is absolutely correct i am tax deduction services
| Is This Answer Correct ? | 9 Yes | 2 No |
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