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What is Excise/Excise Duty? What are the rates applicable for Pharmaceutical Comapnies of India ?
25Mar2008 Filed under: Careers & EmploymentQuestion:
I am looking for details on excise as well as the rates of exicise in earlier times and in recent times.
Answer:
Excise duty is a duty on manufacture,
The general rate is 16% + 2 % education cess
However it changes acc to the classification of the goods,
check the CENTRAL EXCISE TARIFF ACT for the rate for pharmaceutical products
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