what is excise duty, how much rate calculation on
manufacturing goods?
Answers were Sorted based on User's Feedback
Answer / rajiv singla
Sir,
I want to set a new unit of Manufacturing of Mosquito Coil in Punjab. I want to know how much exice duty on it & what is the exemption on it ?
Plz clerify with exp. i.e. if a full box MRP is Rs 1260/- then how we calucalate exice duty on it.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / atul singh
excise duty is a indirect tax charged on the finished goods
and rate of caculation (duty)is 8% now in current time.
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / murali.n
BASIC EXCISE DUTY-10%
EDU.CESS -2%
S&H -1%
TOTAL -10.24%
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / nootan sharma
I THINK NOE THE EXCISE DUTY IS 5% PRIMARY EDU.CESS 2%
SECON&HIGH.EDU.CESS 1% IN PRESENT TIME
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / prabhu pada mohanty
Excise Duty is Collected in manifacturing of goods and
excise rate is 10.30%
manifacturing of goods conditions are
1. Goods must be manifacture in India
2. Goods must be exciseable
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / sandeep d.ingle
This is the indirect tax charged by the government. The
rate calculated as on date is 14%+Edu.Cess2%on
ED+She.Cess1% on ED
| Is This Answer Correct ? | 24 Yes | 62 No |
Answer / t. ravi sekhar
whether by the price reduction i.e before 7-dec-2008 the
excise duty was 14.42% and after dec7th it became 10.30%
so, by this is it loss to company
| Is This Answer Correct ? | 67 Yes | 113 No |
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