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When Selling a goods to a party Excise Duty chargable on
VAT or not.

Answer Posted / ashim

Excise Duty depends on the prodoct itself, we have to find
if the product is a manufacturing products, generally the
tax is paid before the product is released from the
factory. It is mandatory to pay Central Excise duty
payable on the goods manufactured, unless exempted eg.,
duty is not payable on the goods exported out of India. In
few products such as Alcohol the duty is collected by the
state Govt. Excise duty is charge before the charge of VAT.

Is This Answer Correct ?    16 Yes 0 No



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