Ques:- Tell me about Excise Duty in India?
Asked In :-
cern,
Right Answer:
Excise Duty in India is a type of indirect tax levied on the manufacture or production of goods within the country. It is paid by the manufacturer and is included in the price of the product. The duty is applicable to specific goods, such as alcohol, tobacco, and petroleum products, and is governed by the Central Excise Act, 1944.
Excise Duty in India is a type of indirect tax levied on the manufacture or production of goods within the country. It is paid by the manufacturer and is included in the price of the product. The duty is applicable to specific goods, such as alcohol, tobacco, and petroleum products, and is governed by the Central Excise Act, 1944.