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

Answer Posted / anilkumar m.tumma

Manufactured goods (Excisable) if we charged less rate at
the time of despatch the material and raised excise gate
pass then authomatically all the value (liability) is less
as compare to revised price. So Calculation the difference
of value is to be payable excise duty and interest on the
exisiting rate as per period of delay days.

Is This Answer Correct ?    141 Yes 68 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1142


taxes leivied on carpentar & plumbing services

1277


where is applicable WCT & what is limitation for applicable it on company.

1396


when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com

1640


how many form used in sales tax return from begining to ending?

1256






At what point excise duty is accrued

1014


What do you mean by vat, vat registration total cost hydra bad in which places

1427


How can deduct tds from auction cases (timber)

1542


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

1611


Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee

2157


what are accounting principles

1560


If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

1422


what is rate of different service tax in haryana

1326


what is cost taxation

1533


how we can access the Tax Deduction through PAN ?.

1547