Various types of clearance of excisable goods

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Anu Verma (Querist)

04 January 2012 Dear Sir,

Explain different types of clearance of excisable goods as per act?????

Reply must....

Regards

Anu Verma

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

04 January 2012 Basic Excise Duty - This is charged under section 3 of the Central Excises and Salt Act, 1944 on all excisable goods other than Salt which are produced or manufactured in India at the rates set forth in the Schedule to the Central Excise Tariff Act, 1985.

2. Additional Duty of Excise -

(a)Section 3 of the Additional duties of Excise (goods of Special Importance) Act, 1957 authorises the levy and collection in respect of the goods described in the Schedule I to this Act. (Schedule I levies Additional Excise duty on goods falling under Chapter 17,24,51,52,54,55,58,59 and 60) of the Central Excise Tariff Act, 1985). This is levied in lieu of Sales Tax and is shared between Central and State Governments.

(b)Section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 provides for the levy and collection of Additional Duties of Excise on certain textile and textile articles mentioned in the Schedule to this Act.

c)Section 3 of the Khadi and other Handloom Industries Development (Additional Excise Duty on cloth) Act, 1953 authorises the levy and collection on all cloth manufactured a duty of excise at the rate of 2.5 paise per square metre subject to certain conditions.

d)Section 3 of the Mineral Products (Additional Duties of Excise and Customs ) Act, 1958 provides for the levy and collection in respect of goods mentioned in column 1 of the Table annexed to this Act.

3. Special Excise Duty- As per Section 37 of the Finance Act, 1978 Special Excise Duty was attracted on all excisable goodson which there is a levy of Basic Excise Duty under the Central Excises & Salt Act, 1944. Since then each year the relevant provisions of the Finance Act specifies that the Special Excise Duty shall be levied and collected during the relevant financial year.

more information is available:

https://www.cbec.gov.in/excise/cx-act/cx-notfns-idx.htm

https://www.cbec.gov.in/excise/cx-circ-mainbott.html

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Anu Verma

Anu Verma (Querist)

04 January 2012 Ramesh sir,

Plz provide me answer dis qstion if u have any notes regarding dis plz give me..

dis is very urgent.....bcoz tomarrow is my exam date.....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

04 January 2012 YOUR ANSWER IS IN LINK:

https://centralexcisemadurai.tn.nic.in/what_central.html

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