what is the exise duty and what rs
Answer / ali 9052509933
A tax levied on the consumption of particular goods and
may be levied to raise government revenue. Excise duties
are often levied at higher rates on goods like alcohol,
tobacco and petrol whose consumption is believed to have
adverse effects on public health, order and environment.
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In Profit & Loss Accounts, "Sales of Products" consists of Price of Material & Excise. Why Sales Tax (CST or VAT) is not considered as part of "Sales of Products".
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information about IBM.
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