20 December 2008
Basic Excise Duty is the duty of excise as specified in first & second schedule to Central Excise Tariff Act (CETA), 1944.
CETA is an Act which classifies goods into various sections/chapters/headings/subheadings... Format of CETA is
Section.. Chapter.. Heading.. Subheading..
Each article is defined in CETA in a code of 8 digits First 2 defines the section 3rd & 4th defines Chapter 5th & 6th defines Heading 7th & 8th defines Sub-heading
The rate of duty specified in front of article of 8 digit code is the basic excise duty.
For more details, please refer any good excise book or visit www.cbec.gov.in
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