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Taxation
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Industry & Services Taxation of Individuals
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Taxation
Excise Duty:
Different kinds of Excise Duties
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  • Basic Excise Duty : This is the duty leviable under First Schedule to the Central Excise Tariff Act, 1985 at the rates mentioned in the said Schedule.

  • Special Excise Duty : This is the duty leviable under Second Schedule to the Central Excise Tariff Act, 1985 at the rates mentioned in the said Schedule. At present this is leviable on very few items.

  • Additional Duties of Excise (Textiles and textile Articles) : his duty is leviable under section 3 of the Additional Duties of Excise (Textiles and Textile Articles ) Act, 1978. This is leviable at the rate of fifteen percent of Basic Excise Duty payable on specified textile articles.

  • Additional Duties of Excise (Goods of Special Importance) : duty is leviable under the Additional Duties of Excise (Goods of Special Importance) Act, 1957 on the specified goods mentioned in its First Schedule.

  • National Calamity Contingent Duty - Normally known as NCCD. This duty is levied as per section 136 of the Finance Act, 2001, as a surcharge on specified goods.

  • Excise Duties and Cesses Leviable Under Miscellaneous Act - On certain specified goods, in addition to the aforesaid duties, prescribed rate of excise duty and cess is also leviable.

  • Education Cess on excisable goods is levied in addition to any other duties of excise chargeable on such goods, under the Central Excise Act, 1944 or any other law for the time being in force.

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