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 10%
+ education cess @ 2% on ED
+ Sec Edu Cess @ 1% on ED,
Total Tax = 10.30%, with effective from 26.02.2010.

Is This Answer Correct ?    13 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.

1578


If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

1517


Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

1984


We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....

1417


How many turnover company active TAN no applicable and how many deduction % of service.

1362






how to generate H-form and procedure for generate?

3058


what is cenvet credit in vat.

5795


WHAT IS CORPORATE TAX ?

1799


We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??

1675


What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?

7969


is there any necessity to file TDS to purchase a thing even ater paying vat

1589


what is WCT rate in chhattisgarh

2932


If any new form open than we are able to deduct TDS on first year

1804


In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.

1180


Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

3321