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How to Excise payment article with DocHub

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How to excise payment article

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in this video were going to discuss the concept of excise taxes so an excise tax is just a tax thats been imposed on specific goods and services and this key word here is specific so its not a broad general tax on goods and services like a sales tax so when we think about the types of specific goods and services that are typically subject to to an excise tax we think about things like fuel gasoline things like like alcohol beer cigarettes air travel phone service so these are the types of things you typically have an excise tax on so even though its not as broad as you know for example a sales tax this is still very important text because the excise tax can actually be quite high on some of these things right so it might be for example for a package of cigarettes maybe theres a federal excise tax of $1.00 per pack so when we think of and I should probably mention here that when we talk about whether the excise tax is being imposed its imposed that could be a federal excise tax or

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What is Rule 26 of CER 2002?

RULE 26. If a Central Excise Officer, has reason to believe that any goods, which are liable to excise duty but no duty has been paid thereon or the said goods were removed with the intention of evading the duty payable thereon, the Central Excise Officer may detain or seize such goods.

What is excise duty in GST?

Excise duty is a form of indirect tax that is levied by the Central Government of India for the production, sale, or license of certain goods. Excise duty charges are also collected by state governments for alcohol and narcotics. Note: Excise duty has been replaced by the Goods and Services Tax(GST) w.e.f. 1 July 2017.

What is Rule 27 of Central excise Act?

Rule 27 General penalty Central Excise Rules, 2002 A bdocHub of these rules shall, where no other penalty is provided herein or in the Act, be punishable with a penalty which may extend to five thousand rupees and with confiscation of the goods in respect of which the offence is committed.

What is Rule 16 of CER 2002?

The said Rule 16 provides for return of duty paid goods to the factory for being re-made, refined, reconditioned or for any other reason. It was in the context of the word return that the Central Excise Manual issued on 1-9-2001 states that goods should return to the same factory in which they were manufactured.

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Excise payment article easily