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?
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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