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what is excise duty, how much rate calculation on
manufacturing goods?
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Answer Posted / vinay kumar
Excise duty is a indirect tax which is levied by on
manufacturers. the three conditions should be satisfied for
impose excise.
1. Goods must be manufactured in India.
2. Goods must be excisable.
Excise on manufacturing goods
8% + Ed.cess 2%+ H.Ed.Cess
1% that means that rate of Excise is 8.24%.
| Is This Answer Correct ? | 3 Yes | 1 No |
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