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What Is Excise Duty Tax In India? |
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Answer» Central Excise duty is an INDIRECT tax levied on those goods which are manufactured in India and are meant for home CONSUMPTION. The TAXABLE event is 'manufacture' and the liability of central excise duty arises as soon as the goods are manufactured. This tax is levied on CERTAIN goods for their production or sale catering or on licenses on specific services and activities. Excise duty is an inland tax unlike custom duties is an inland tax. ALSO this duty charges are a form of india. Central Excise duty is an indirect tax levied on those goods which are manufactured in India and are meant for home consumption. The taxable event is 'manufacture' and the liability of central excise duty arises as soon as the goods are manufactured. This tax is levied on certain goods for their production or sale catering or on licenses on specific services and activities. Excise duty is an inland tax unlike custom duties is an inland tax. Also this duty charges are a form of india. |
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