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what is excise duty, how much rate calculation on
manufacturing goods?
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Answer Posted / narottam kumar
All goods that are produced or manufactured in India will
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.
The Current Excise Duty is 10%
+ education cess @ 2% on ED
+ Sec Edu Cess @ 1% on ED,
Total Tax = 10.30%, with effective from 26.02.2010.
| Is This Answer Correct ? | 13 Yes | 1 No |
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