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what is excise duty, how much rate calculation on
manufacturing goods?
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Answer Posted / anubhav verma
Excise Duty (ED) is the amount calculated by the Central
Excise Department (CED) on the goods actually produced by
the manufacturing units / plants having set up location
within India. the excise duty is a kind of a tax which is
generally being changes on the total value of the goods
produced either for export or to satisfy the domestic wants
or intra supply of the commercial transactions and for
exports as well. The excise duty is calculated by
evaluating or taking into consideration the followings -
Basic duty (burden)8% + EDU. Cess 2% + H. Cess 1% +
additional implication if required to be levied.
It is a kind of a indirect tax which is gonna paid by the
manufacturer of the company or as a company as whole.
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