Interested to Buy Any Domain ? << Click Here >> for more details...
what is excise duty, how much rate calculation on
manufacturing goods?
- 113 Answers
- 247089 Views
- Agricon, Bajaj, CMS, Gaurav International, Genpact, Janpact, KJH, MahaGenco, Manufacturing, Mennen Industries, Pharma, Reliance Communications, VSS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / deepak singh mau
exise duty is a indirect tax.standerd rate of exise duty 8%
to 10%.the rate of exise duty is 8.2416 inwich basic exise
duty 8% & edu. cess-2%,& h.edu.cess-1%. being exiseable
goods must be fallow 3 condition.
1- duty on goods.
2-goods must be manufacter in india .
3-goods must be esiseable.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / asit kumar kar
Excise Duty is an indirect tax levied and collected on the
goods manufactured in India
Present rate of ED is 10.3% plus ST or VAT
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / j.adinarayana
IT IS THE CALCULATION OF MANUFACTURING .EXCISE DUTY 10.3% .
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dh vishwanath
Excise duty is the duty which will be levied on the
manufactured Excisable goods.Presently the rate of Central
Excise duty is 10%+2%+1%(10.3%).
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sridhar
EXCISE DUTY IS CHANGED FROM 14.42% (EXCISE
DUTY+ED.CESS+HIGH. ED.CESS)TO 10.30%
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / narinder kumar
The current excise duty is 12.36(12+2+1%)!!!!!!!!!
Narinder Kumar
m-9915830185
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.shalini
According to rule 12.36 % for the year of 2012 @
manufacturing goods .
its divide under the three heading 12% for central excise
duty : 2% for education cess ; 1 % Secondary edu cess
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sheeja suresh
Excise duty is the indirect tax imposed by the central
government at the time of removal of goods from the
facctory premises. current rate is 8%
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / rajeev das
excise duty is levied by state for manufacturing goods the rate of excise duty should be depend on the goods.
now excise duty is 10%
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / rashmi ranjan choudhury
Excise duty is an indirect tax of indian commercial tax
department.The perticular rate of deduction on the
manufacture products to give central govt.that know as
excise duty.Right now,(besic excise duty-8%,edu cess-2% and
h.edu.cess-1%.
| Is This Answer Correct ? | 1 Yes | 2 No |
what is meaning the central excise duties
Why buyer have to issue C forms & what is the issue
Which goods is Excisable.
IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
If there is differance in value written on the road permit (along with transfer invoice) and the tax invoice (which is generated after dispatch of material)for inter state sale (specially uttarakhand)which value to be consider for C form?
who is person issued form "H" in case of sale against form "H" (export sale)?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
what is the difference between Excise duty and Custom duty? and direct cost and Indirect cost with examples?
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
i am peeyush tiwari working in ignou as accounts assistant my salary is 8000/-pm i want to know that how much tds i have to pay and how and my job nature is contractual basis
agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai
Audit 
