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Answer Posted / sanjay kumar
Excise Duty is The Indirect Tax.
Which is levied on the good manufactured in india.
Levied at the time of removal from the factory, warehouse
or such other Place.
goods Manufactured must be Movable and the nature of goods
manufactured is seperate from the goods which is used as
input in the manufactureing of such goods.
Rate of Duty on goods Manufactured should be levied as per
mantioned in CETA (Ceneral Excise Tax Act).
Rate of Duty should be apply for the Date of Removal.
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