Central Excise duty is levied by the Central Government on manufacture of goods. Central excise duty is a indirect tax paid by the manufacturers at the time of removing the goods from the factory.
Procedure for registration
No. Manufacturers who produce goods not chargeable to excise duty or are exempt need not register with central excise. Also, manufacturers willing to avail SSI exemption available under the act are also not required to register.
PAN Card of the signatory and the concern, Ground plan of the factory, List of directors/Partners, MoA and AoA or Partnership deed as the case may be.
Penalty up to duty of contravening goods or Rs 10,000, whichever is higher, can be imposed and contravening goods can be confiscated.
Central Excise duty is not a single rate. Duty differs for every product and is mentioned in the Central Excise Tariff Act, 1985.
Central Excise Tariff Act contains rate of excise duty applicable on each product.
No. The licence granted by the jurisdictional Custom Officer under Section 58 of the Customs Act, 1962 is sufficient.
Subject to prescribed conditions, no Excise duty is payable on the capital goods, raw materials, spares, consumables, etc. procured by the 100% EOU.