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what are the items on which excise duty is applicable???
does it have something to do with the turnover of the
manufacturing..??
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Answer Posted / amar kuvalekar
Excise Duty Is Leviable On Goods Manufactured In
India.Under Entry List 84 to the schedule7 to the
constitution of india.
Excise duty is levied on those godds covered under CETA.
A unit crossing Manufacturing limit of Rs. 5Crores Excise
Duty is leviable. It has nothing to do with turnover.
| Is This Answer Correct ? | 20 Yes | 3 No |
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