Interested to Buy Any Domain ? << Click Here >> for more details...
what is excise duty, how much rate calculation on
manufacturing goods?
- 113 Answers
- 246924 Views
- Agricon, Bajaj, CMS, Gaurav International, Genpact, Janpact, KJH, MahaGenco, Manufacturing, Mennen Industries, Pharma, Reliance Communications, VSS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / diwas rai
From Feb' 2009 the rate of Excise Duty has been change from 8
% + 2 % + 1 % to :
Basic Excise Duty : 10 %
Edu. Cess (on Basic Excise) : 2 %
H.Sec. Cess (On Basic Exise) : 1 %
That means total 10.3%.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / vinay kumar
excise duty is duty on manufactured levied it following
condition must be satisfied
1.duty on goods
2.goods must be maunfactured in india
3.goods must be excisable
Rate of manufacturing goods
Bed 8%
Cess2%
Hs cess 1%
8.24 %
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / ankush kumar
Finally new rate of excise duty is from 25 feb 2009 is
Basic excise duty is 8 %
cess.............. 2 %
H.E. cess........... 1 %
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / amit shah
Excise duty is an indirect tax which is levied on excisable
goods manufactured or produced in india (as per the
definition of manufacture / produce by the relavant statute)
by the central govt. and being administered by the CBEC
(central board of excise & customs).
the rates of excise duty are different for diff. goods as
mentioned in tariffs on cbec web site.
at present (for fin. year 2010-11, on majority of items ,
it is levied @10% (also 3% on this excise duty i.e.10% ,
edu. cess is levied, so effective rate is 10.3% on most of
the items)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ravi kakde
excise duty like a value added tax it is charged central
goverment when good maufacrture in india and cleared our
factory the correct rate of central excise duty
basic 8% Edu 2% & 1 %(H.cess)from 25th feb 2009
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ravinder kumar jangid
Who Company are Manufacturing in India and have turnover 1
crore will be liable for registration in exise deptt and
current rate of exise duty Rs.8% and Ed Cess 2% and High Ed
Cess 1% total amount become Rs.8.24%
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / ranjanrai1988@yahoo.co.in
YES EXCISE DUTEY RATE IS CURRECT 8.24%
REGARD
RANJAN RAI
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / anubhav verma
Excise Duty (ED) is the amount calculated by the Central
Excise Department (CED) on the goods actually produced by
the manufacturing units / plants having set up location
within India. the excise duty is a kind of a tax which is
generally being changes on the total value of the goods
produced either for export or to satisfy the domestic wants
or intra supply of the commercial transactions and for
exports as well. The excise duty is calculated by
evaluating or taking into consideration the followings -
Basic duty (burden)8% + EDU. Cess 2% + H. Cess 1% +
additional implication if required to be levied.
It is a kind of a indirect tax which is gonna paid by the
manufacturer of the company or as a company as whole.
| Is This Answer Correct ? | 5 Yes | 2 No |
EXCISE DUTY IS A DUTY LEVIED ON GOODS MANUFACTURED AND
PRODUCED IN INDIA AND AVAILABLE FOR HOME CONSUMPTION. IT IS
A DUTY LEVIED AT THE TIME OF PRODUCED.BUT FOR CONVENICNCE
IT IS CHARGED AT THE TIME OF REMOVAL. UNDER THE CENTRAL
EXCISE TARIFF ACT 1944 THE FOLLOWING GOODS ARE DECLARED TO
BE EXCISEABLE.
1) THE GOODS SHOUID BE MANUFACTURED AND PRODUCED IN INDIA
2) THE GOODS MUST BE SOLD IN INDIA
3) THE REMOVAL OF GOODS MUST BE FOR PURPOSE OF SALE
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / neetu
calculate manufacturer goods 10+2+1=13 % (10%excise duty+2%
edd+1%seccess
| Is This Answer Correct ? | 4 Yes | 1 No |
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
what is capital good and asset as per excise.
i am working in a construction company. my question is can we claim VAT paid on items like (i. e . Vat paid on stationery, purchase of printer catridge etc exp for official use. indirect exp.) ?
What is the penalty of non payment or late payment of Service Tax, VAT, TDS?
can we have benefit of CST in VAT (Haryana). explain?
what is the rate of VAT in differnt items for example metals, wine, garments, foods, electonics, medicine
What are the Golden rules of accounts? with an example?
What is MAt
while prepairing the quarterly retun for 26Q a validation errer is coming and cannot create the fvu file. The Challan details are NIL.The message is T-FV-1029 Invalid Challan Input file.
why is service tax recievable shown as dr balance under liability in b/s
How many form C we can issue or receive in 1 quarter against Inter state purchase or sales
9 Answers Alstom, HBL Power Systems, Piyush Industries,
What is E1 form for purchase & what benefites
Audit 
