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Excise Duty State Excise and Central Excise

Excise Duty State Excise and Central Excise

Excise Duty

Excise Duty, State Excise and Central Excise

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 And Excise Duty

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.

Registration

Subject to specified conditions, generally the following categories of persons are required to get themselves registered with the Central Excise department:

  1. Every manufacturer of dutiable excisable goods;
  2. First and second stage dealers or importers desiring to issue Cenvatable invoices;
  3. Persons holding bonded warehouses for storing non-duty paid goods;
  4. persons who obtain excisable goods for availing end-use based exemption.

For obtaining Central Excise Registration apply to the nearest Central Excise Division Office in Form A.1 along with a self attested copy of the PAN issued by the Income Tax Department. After post verification, a regular Registration certificate in form RC is normally issued immediately.

Exemption from Registration

Yes. Subject to specified conditions, the following categories of persons need not obtain Central Excise registration.

  1. Manufacturers of goods which are chargeable to nil rate of duty or are fully exempt;
  2. SSI manufacturers having annual turnover of below Rs.90 lakhs. Once their turnover touches Rs.90 lakhs, they should give the prescribed declaration to the Jurisdictional Superintendent of Central Excise;
  3. Job-workers of ready-made garments if the principal manufacturer undertakes to discharge the duty liability;
  4. Approved/licensed units in Export Processing Zones, Special Economic Zones and 100% Export Oriented Units.

Excise Duty State Excise and Central Excise

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