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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 / vikas

Whatever the tax paid on production that tax is called
excise duty. It is related with production. it is a revenue
of government. Presently the rate of Excise duty is 10.3%.

Is This Answer Correct ?    1 Yes 0 No

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

Answer / pankaj jain

THE EXCISE DUTY is 10.30
i.e. 10%+0.2%+0.3%


VERY SIMPLE ANS

Is This Answer Correct ?    1 Yes 0 No

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

Answer / nootan sharma

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 5%(Basic Excise Duty), 2%(Edu-cess),
1% (Higher Edu-cess)

Is This Answer Correct ?    3 Yes 2 No

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

Answer / priya sharma

Current Exercise Duty is 12%...Education Cess is 2% and S.H on Education cess is 1%...

Is This Answer Correct ?    1 Yes 0 No

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

Answer / sarabjeet kaur

Ya Its correct Excise is 8%
plus Ed. & SHE- (8*3%)=0.24%
Total Excise duty is 8.24%

Is This Answer Correct ?    3 Yes 3 No

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

Answer / jyoti

Only manufacture is paying excise to Govt. It's present
rate is 8%, Edu. Caess is 2% & Sec. Edu. Cess is 1%

Is This Answer Correct ?    3 Yes 3 No

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

Answer / srinivasulu reddy ambavarapu

The rate of exise rate has been constant from since 26 of
feb'2009.

Basic exise duty 8%
Edu.cess 2%
H.Cess 1%

Is This Answer Correct ?    2 Yes 2 No

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

Answer / shailendra kumar

14.42

Is This Answer Correct ?    1 Yes 1 No

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

Answer / rajeet kumar srivastva

Excise duty is the indirect tax which is applicable on
manufacturing goods produced in INDIA.
Currently its
Excise Duty 14%
E. Cess 2%
H.E. cess 1%

Overall u can say its 14.42%

Hope it is as per requisite.

Is This Answer Correct ?    0 Yes 0 No

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

Answer / dileep n

Excise duty is charged for the goods which manufactured with in India & sold with in india.The rate of duty as on is 10.3% i.e ED-10%,Cess on ED-2%,HEC-1%

Is This Answer Correct ?    1 Yes 1 No

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