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 / yatin anand

Excise Duty will be calculated as under:

ExciseDuty@10% E.cess.@.2%
H.E. Cess @. 1%

TOTAL WILL BE 10.3%

Is This Answer Correct ?    4 Yes 1 No

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

Answer / poonam kharb

Excise Duty is an Indirect tax Which is charge at the time
of manufacturing . we can take input credit on the basis of
our purchases. The New Excise rate is 12.3% after budget 2012-13

Is This Answer Correct ?    3 Yes 0 No

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

Answer / raj

Excise Duty is an indirect tax leived by the government
at the time of removal of manufactured goods in India from
the factory premises under cover of invoice. The current
rate of Excise duty from 25th of Feb, 2009 if 8%(Basic
Excise Duty), 2%(Edu-cess), 1% (Higher Edu-cess)

Is This Answer Correct ?    4 Yes 2 No

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

Answer / vinay kumar

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.

Excise on manufacturing goods
8% + Ed.cess 2%+ H.Ed.Cess
1% that means that rate of Excise is 8.24%.

Is This Answer Correct ?    3 Yes 1 No

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

Answer / sushil gangurde

Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
excise duty was 16.5% before 1April08.From 1stApril,the
rate has been changed to 14%
excise duty is a indirector tax it is collected which good
who manufacture in india current excise rate 10%+2%
edu.cess+1%sec.edu.

Is This Answer Correct ?    2 Yes 0 No

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

Answer / hemant singh rawat

excise duty is a indirect tax leived by the government
at the time of removal of manufactured goods in India from
the factory premises under cover of invoice. the
claculation of excise duty is following
excise duty rate on items currently attraction 4% to be the
raised to 8% following major exceptions:
01 specified food items inculding biscuits ,sharbats ,cakes
and pastries
02 medical equipment
03 paraxylene.

Is This Answer Correct ?    3 Yes 1 No

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

Answer / manish

Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.

The rate of excise duty was 16.48% before 1 apr.'08. From 1
apr.'08 the rate of excise duty has been changed to 14.42%

Is This Answer Correct ?    3 Yes 1 No

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

Answer / y.k.dwaragesh

Excise duty is duty on manufactured levied it followes
four condition must be satisfied

Is This Answer Correct ?    2 Yes 0 No

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

Answer / siva

the central Excise Duty Current rate is 10% + education
cess @ 2%, Sec Edu Cess @ 1% on ED,

Is This Answer Correct ?    2 Yes 0 No

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

Answer / anil sangale

Excise Duty Charged on Manufacuring Product.
Exsise 10% plus Edu. cess 2% and hig. cess 1%

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Taxation Interview Questions

we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.

0 Answers  


till the discounted bill is paid by acceptor it, remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.

1 Answers  


witch one is the best book of Tax preparation tell me as soon as waiting for ur reply .

1 Answers  


Please anybody tell what is a entry for Sales Tax & Income Tax refund received.

2 Answers  


when submitted ER1 by online that time by mistake wrong opening balance selected & returned is submitted .what to do

5 Answers   KEC, pms precision engineers, Proton Power Control,






if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

2 Answers  


1. while making invoice of import ups then dealer charge the service tax then it is included in the bill or not. 2.Or we make to separte invoice for service charges.

1 Answers  


Explain the procedure to calculate provident fund, esi, vat and sales tax.

0 Answers  


can we have benefit of CST in VAT (Haryana). explain?

3 Answers  


what is service tax ? due date for pymt ? return forms ? how input credit taken ?

5 Answers   GH,


Dear sir, Pls explain the point of tax ( Service Tax)? Can we raise invoice with ST 14.5% on 1.6.2016 for we rendered a service for May 2016? Thanks N.Swaminathan

1 Answers  


which type of expenses , we have dedected fbt

0 Answers  


Categories