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What Are The Types Of Excise Duty? |
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Answer» There are three different types of central excise duties which exist in India which are as follows: Basic - Excise Duty, imposed under section 3 of the 'Central Excises and Salt Act' of 1944 on all excisable goods other than salt PRODUCED or manufactured in India, at the rates set FORTH in the schedule to the Central Excise tariff Act, 1985, falls under the category of basic excise duty in India. ADDITIONAL - Section 3 of the 'Additional Duties of Excise Act. There are three different types of central excise duties which exist in India which are as follows: Basic - Excise Duty, imposed under section 3 of the 'Central Excises and Salt Act' of 1944 on all excisable goods other than salt produced or manufactured in India, at the rates set forth in the schedule to the Central Excise tariff Act, 1985, falls under the category of basic excise duty in India. Additional - Section 3 of the 'Additional Duties of Excise Act. |
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