what is excise duty, how much rate calculation on
manufacturing goods?
Answer Posted / narottam kumar
All goods that are produced or manufactured in India will
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.
The Current Excise Duty is 8%
+ education cess @ 2% on ED
+ Sec Edu Cess @ 1% on ED,
Total Tax = 8.24%, with effective from 25.02.2009.
| Is This Answer Correct ? | 27 Yes | 9 No |
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