Query
Shivaraj R Suvarna (CA Article student) (58 Points)
29 January 2014
what do you mean by excise duty?
thnx
3 Replies
shubham
(student)
(238 Points)
Replied 29 January 2014
excise duty refers to a duty or tax on production.
Chinnu Raj
(CA Final Student B.Com)
(1067 Points)
Replied 02 February 2014
It is an inland tax on the sale, or production for sale, of specific goodsor a tax on a good produced for sale, or sold, within a country or licenses for specific activities. Excises are distinguished from customs duties, which are taxes on importation. Excises are inland taxes, whereas customs duties are border taxes.
Shivaraj R Suvarna
(CA Article student)
(58 Points)
Replied 02 February 2014
Wow...thnks fr da detailed expltn and info.
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