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Central Excise Duty. CENTRAL EXCISE DUTY: Basic Concepts. Excisable Goods. Manufacture. Manufacturer. Levy and Collection of duty. Rate of Duty. Transaction Value: Conditions. SSI Exemption. Are there any incentives?.
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CENTRAL EXCISE DUTY: BasicConcepts S B Gabhawalla & Co
ExcisableGoods S B Gabhawalla & Co
Manufacture S B Gabhawalla & Co
Manufacturer S B Gabhawalla & Co
Levy and Collection of duty S B Gabhawalla & Co
Rate of Duty S B Gabhawalla & Co
Transaction Value: Conditions S B Gabhawalla & Co
SSI Exemption S B Gabhawalla & Co
Are there any incentives? • CENVAT Credit is granted to neutralize the cascading impact of excise duty/service tax • Supporting manufacturers can claim exemption from payment of excise duty subject to bonding procedures followed by the principal exporter • Rebates can be claimed for output/input taxes in case of export of manufactured goods S B Gabhawalla & Co