Excise Duty
Page no : 2
karan jit singh
(Consultant)
(1299 Points)
Replied 21 January 2014
Karthik Bhaktha
(CA-Student)
(126 Points)
Replied 21 January 2014
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Thats why we are hear to Solve them and collect fees from them...!!
Nagasundara c.a
(Sr. Core Accountant)
(47 Points)
Replied 24 January 2014
An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of a good. This tax is now known as the Central Value Added Tax (CENVAT).
Though the collection of tax is to augment as much revenue as possible to the government to provide public services, over the years it has been used as an instrument of fiscal policy to stimulate economic growth. Thus it is one of the socio-economic objectives.
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