Excise duty as well as GST is levied on tobacco products.
My query is on what basis is excise duty levied?? I mean on ad valorem basis or on units produced basis??
At what rate is it levied?
what are the monthly compliance required under Excise Act?
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Excise duty on tobacco products (Pan Masala)
Replies (1)
The tax framework has moved away from a simple transaction-based GST model toward a higher-rate (40% GST), MRP-based valuation system with additional specific excise duties and cesses. For machine-packed chewing tobacco and gutkha, taxes are now levied on a capacity-based model, necessitating strict regulatory compliance, including advance payments and CCTV monitoring.
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