Brief Details of Excise Duty in Manufacture Industries

[Yadagiri Kardas]

Brief Details of Excise Duty in Manufacture Industries

[CA Rachit Agarwal]

For the levy of excise duty following conditions should be satisfied-

1. Goods must be manufactured.

2. Manufacturing is in India.

3. There must be goods.

4. Goods must be excisable

For Details refer

Central Excise Act, 1944

Central Excise Rules, 2002

AI Summary

Excise duty levy requires manufactured, excisable goods produced within the territorial jurisdiction before taxation applies. Levy of excise duty requires four cumulative conditions: goods must be manufactured; the manufacturing must occur within India; there must be identifiable goods; and those goods must be excisable. These substantive prerequisites form the statutory gateposts for imposition of central excise levy and direct readers to the governing legislative framework.