Central Excise Duty in India

All goods manufactured in India attract Central Excise duty, which is collected by the Central Government. It is an indirect tax; the manufacture collects it from his buyer and deposits in a Bank account, called Treasury, specifically opened by the Government for the purpose in designated Bank branches. It is the responsibility of the Manufacturer to deposit the duty, even if he is not able to collect even his own dues from the buyer. Goods can be removed from their place of manufacture only on payment of duty. The duty collection is managed by the ‘Central Board of Excise and Customs’...