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The M liquor seal check app allows consumers to verify the authenticity of liquor bottles by scanning the barcode on the bottle cap. The app provides information on brand, MRP, and location of sale. If there is a mismatch, consumers can notify the excise department. The app is linked to the department's supply chain system, tracking each bottle from distiller to sale point. It enables monitoring of stocks at warehouses and retail outlets through barcode scanning, automating dispatch operations for distillers.

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Which goods are exempted from excise duty?

Exemption to capital goods and all goods (other than LDO, HSD and petrol) captively consumed for manufacture of final products (other than matches) - Notfn. No. 67/95-CE dated 16.3.1995.

Who is liable to pay excise duty?

6. Who is liable to pay Excise Duty? Ans: The manufacturer or the producer of goods is liable to pay Excise Duty. 7.

Which goods are exempted from excise duty?

Exemption to capital goods and all goods (other than LDO, HSD and petrol) captively consumed for manufacture of final products (other than matches) - Notfn. No. 67/95-CE dated 16.3.1995.

What are the basic conditions for charging of excise duty in India?

The three parties that must pay excise duty include the following: The individual or entity that manufactured or produced the goods. The individual or entity that was responsible for the manufacture of goods by way of hiring labour. The individual or entity responsible for the manufacture of goods by other parties.

Who paid excise duty?

6. Who is liable to pay Excise Duty? Ans: The manufacturer or the producer of goods is liable to pay Excise Duty. 7.

Can excise duty be refunded?

(1) Any person claiming refund of any duty of excise shall make an application in duplicate, for refund of such duty in the proper form to the Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise having jurisdiction over the factory of manufacture or the warehouses appointed and registered

What are the disadvantages of an excise tax?

Such taxes distort consumer choices by driving a wedge between marginal cost and price. The more elastic the demand for a product, the greater will be the excess burden of an excise be- cause such a tax will have a relatively large impact on the quantity consumed.

Which of the following products is exempt from excise duty?

4) Rope, twine and similar items are being exempted from excise duty.

Is excise duty a debit or credit?

Excise duty is a direct expenses and to be debited to trading account.

On which items excise duty is applicable?

Today, excise duty applies only on petroleum and liquor. Excise duty was levied on manufactured goods and levied at the time of removal of goods, while GST is levied on the supply of goods and services.

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