Excise duty on profits
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2015
whether excise duty levy on profits. please mention Rule Or section which says about levy excise duty on Profits.
10 May 2015
excise duty is levied on manufacturing activity and not on profit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2015
what is cost shall be included in manufacturing activity.
13 May 2015
Excise duty is neither leviable on cost or profit or any manufacturing activity.
Excise duty is leviable on transaction value.
Please elaborate your query more along with the manufacturing process and the description of final product, in order to give proper reply to this query.
Excise duty is leviable on transaction value.
Please elaborate your query more along with the manufacturing process and the description of final product, in order to give proper reply to this query.
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