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MORE ON EXCISE
Details
Excise duty is a tax
on manufacture or production of goods. Excise duty on alcohol,
alcoholic preparations, and narcotic substances is collected by the
State Government and is called "State Excise" duty. The
Excise duty on rest of goods is called "Central Excise"
duty and is collected in terms of Section 3 of the Central Excise
Act, 1944. Sales Tax is different from the Excise duty as former is
a tax on the act of sale while the latter is a tax on the act of
manufacture or production of goods. Subject to specified conditions,
generally the following categories of persons are required to get
themselves registered with the Central Excise department: (i) Every
manufacturer of dutiable excisable goods; (ii) First and second
stage dealers or importers desiring to issue Cenvatable invoices;
(iii) Persons holding bonded warehouses for storing non-duty paid
goods; (iv) persons who obtain excisable goods for availing end-use
based exemption.
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