Want this question answered?
what is meant by net price? does it include excise duty? If included, how is it claculated
Customs duties are basically excise taxes on imports.
There are several other names or synonyms for the word tax. Some include duty, expense, price, custom, excise, and dues.
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
It is a category of tax. A tax imposed on the doing or manufacturing of something, as opposed to the selling or making an income on something. A Federal or state tax imposed on the manufacture and distribution of certain non-essential consumer goods. Examples of excise taxes include environmental taxes, communications taxes, and fuel taxes. 1. An indirect tax charged on the sale of a particular good; types of sales tax initially paid by the wholesaler 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS.
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
Unless otherwise catergorically mentioned Ex- works price always include Excise duty.
Motor vehicle excise tax in Oklahoma is 3.25% of the purchase price, which may include dealer discounts and rebates but which may not include any trade-in allowance.
what is meant by net price? does it include excise duty? If included, how is it claculated
One question that should be asked is whether the government is using this excise tax or regulation as a way to try to keep people from buying the product because they think it is bad for them, as in the case of tobacco or alcohol. Another question that can be asked is whether the regulations are for the purpose of trying to control the environmental effects, as in the case of automobiles.
you can use excise in a sentence like if you excise that irrelevant remark you will improve your essay or the excise imposed on such potentially dangerous products as tobacco and alcohol have skyrocketed.Congress levied an excise tax on tobacco products.The surgeons will try to excise the tumor.
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
classification rules of excise
There are a number of keys skills one needs to get a job with the Department of Customs and Excise. These include good numerical, communication,team working and interpersonal skills. Calm assertiveness and resiliance are also important skills.
it is a permission granted by the concerned central excise asst. commissioner to remove goods without paying excise duty
excise tax
What is impact of custom and excise duties in Pakistan?