Excise Tag Document For Free

Excise Control Code is a 15 digit alpha numeric registration number given to all the Central Excise Assessees under the Central Excise Act. This code is used to identify the assessees who are liable to pay excise duty to the Central Government. It is a PAN based number.

Excise Registration and Invoice Requirements (Excise for Manufacturer) Every person engaged in manufacture of excisable goods has to register each unit/premises under excise and pay excise duty. The Excise Control Code number is a registration number, which is issued to all the Central Excise Assessees.

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 and includes salt. Liability to pay excise duty.

Products like motor fuel, tobacco, and other heavily regulated goods are subject to excise taxes. Certain activities like highway usage can be subject to excise tax too. Often the cost of the tax is included in the cost of the product, meaning the end consumer doesn't see the excise tax on their receipt.

Excisable Goods as. 'Goods specified in the First and Second Schedule to Central Excise Tariff Act,1985. as being subject to a duty of excise. and includes salt'. Explanation.

Excise duty is leviable only when manufacture results in goods that are excisable. For being called goods, items ought to be movable and marketable. Since office building is marketable but not movable, it is not 'goods' but an immovable property. Hence, excise duty is not leviable on construction of office building.

Excisable goods: what is it Excisable goods are certain categories of products that are subject to excise tax. This includes trade within countries, as well as imported products. An excise tax is paid by an entrepreneur or an organization that sells or produces excisable goods.