Basic Excise.

This query is : Resolved 

19 December 2008 Sir,i Wanna know what basicaly Excise Duty is ????
Can you give reference of some good sites where i can know it from basic.

19 December 2008 www.cbec.gov.in

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




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries