Hai, Sir i need diffrence between excise duty and CENVAT (Am getting confuses between these two)because some times i found like Excise duty and some times like CENVAT so help me in this regard Thanks
From India, Bangalore
From India, Bangalore
Hi Suresh,
Excise is derived from the Latin word "Excisum / Excidere which means to cut out"
Excise duty is a duty levied upon goods manufactured and not upon sales or the proceeds of the sale of goods. It is attracted by the event of Manufacture but collected at some convenient stage which may be after the said event, which is only for administrative convenience.
Excise duty has been renamed as Central Value Added Tax ( CENVAT). CENVAT includes "duty", "duty of excise" or "duties of excise"
I hope now it is clear to you. ( Both are one and same thing)
Thanks & Regards
Manjay Kumar Sharma | Senior Consultant | E-mail :
| Skype ID : manjay.sharma73 |Mobile: +91- 98105 07200
Malay Gauri Consultants Pvt. Ltd
|Outsourcing and Consultancy URL: <www.malaygauri.com>| Human Resource URL: <MGcrpo >| Job portal URL: <www.nayeeraah.com> |
From India, Delhi
18Excise is derived from the Latin word "Excisum / Excidere which means to cut out"
Excise duty is a duty levied upon goods manufactured and not upon sales or the proceeds of the sale of goods. It is attracted by the event of Manufacture but collected at some convenient stage which may be after the said event, which is only for administrative convenience.
Excise duty has been renamed as Central Value Added Tax ( CENVAT). CENVAT includes "duty", "duty of excise" or "duties of excise"
I hope now it is clear to you. ( Both are one and same thing)
Thanks & Regards
Manjay Kumar Sharma | Senior Consultant | E-mail :
Malay Gauri Consultants Pvt. Ltd
|Outsourcing and Consultancy URL: <www.malaygauri.com>| Human Resource URL: <MGcrpo >| Job portal URL: <www.nayeeraah.com> |
From India, Delhi
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