Central Excise, Central Excise

[Narayana Reddy]

Dear sirs,

I want to know about Central Excise. Can you please explain me.

Posts / Replies

[Naveed S]

In the Indian tax structure, there are a lot of taxes that people pay for different reasons. Income tax, sales tax, entertainment tax, value added tax etc. All these taxes are existent because in some way or the other it impacts and helps the economy. One such tax that is prevalent in any manufacturing sector is the excise duty.

An excise or excise duty is a type of tax charged on goods produced within the country. It is a tax on the production and sale of a good. This tax is also 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

[Pradeep Khatri]

Dear Mr. Reddy,

For details please click on the following link

www.dateyvs.com

Regards

Team YAGAY & SUN

(Consultants - Indirect Taxation)