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Central Excise

The Union Government levies Central Excise on commodities produced or manufactured within the country and consumed within the country. It is unlike the State excise duties levied on opium, alcoholic drinks and so on. You can call it as an inland tax, that means the seller or producer who pays the tax to the government anticipates trying to recover the tax by raising the price paid by the buyer. 

Being a per unit tax, costing a precise amount for a unit or volume or unit of the item purchased. In India, almost all manufactured products are liable to central excise, provided to fulfill the following four conditions:

  • There must be a manufacture
  • The manufacture must be in India ( excluding the special economic zone)
  • The manufacture must result in goods
  • The goods must be excise-able (implies the goods must have a specification in central excise tariff act)

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