06 February 2016
Excise duty: -Central Excise duty is an indirect tax levied on those goods which are manufactured in India and are meant for home consumption. The taxable event is 'manufacture' and the liability of central excise duty arises as soon as the goods are manufactured. It is a tax on manufacturing, which is paid by a manufacturer, who passes its incidence on to the customers. you need to study of excise manual which describe rules and regulation of central excise,excise tarrife describe rate of excise duty.
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