Give me brief introduction about excise duty

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chandrakala

chandrakala (Querist)
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27 December 2011 What is excise duty?
Which date we have to pay the excise duty and when we are return the excise duty?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 December 2011 Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty and is collected in terms of Section 3 of the Central Excise Act, 1944. Sales Tax is different from the Excise duty as former is a tax on the act of sale while the latter is a tax on the act of manufacture or production of goods.

FOR MORE INFORMATION:

http://www.cbec.gov.in/faq.htm

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 December 2011 also read the link:

http://centralexcisechennai.gov.in/ABOUT%20CENTRAL%20EXCISE.htm

http://business.gov.in/taxation/excise_duty.php

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