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Central Excise Duty is the indirect tax system on those good which are manufactured in India for domestic consumption. The term "excisable goods" means the goods which are specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 , as being subject to a duty of excise. The taxable event is 'manufacture' and the liability of central excise duty arises as soon as the goods are manufactured. As incidence of excise duty arises on production or manufacture of goods, the law does not require the sale of goods from place of manufacture, as a mandatory requirement. Normally, duty is payable on 'removal' of goods.

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