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

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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