Question { Bajaj, 247077 }

what is excise duty, how much rate calculation on
manufacturing goods?

Answer

EXCISE DUTY IS A DUTY LEVIED ON GOODS MANUFACTURED AND
PRODUCED IN INDIA AND AVAILABLE FOR HOME CONSUMPTION. IT IS
A DUTY LEVIED AT THE TIME OF PRODUCED.BUT FOR CONVENICNCE
IT IS CHARGED AT THE TIME OF REMOVAL. UNDER THE CENTRAL
EXCISE TARIFF ACT 1944 THE FOLLOWING GOODS ARE DECLARED TO
BE EXCISEABLE.
1) THE GOODS SHOUID BE MANUFACTURED AND PRODUCED IN INDIA
2) THE GOODS MUST BE SOLD IN INDIA
3) THE REMOVAL OF GOODS MUST BE FOR PURPOSE OF SALE