Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods
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(2) production of goods Explanation: 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.
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Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

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Last Answer : production of goods

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

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Last Answer : (3) State Excise Duty Explanation: An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs ... paper, drugs and pharmaceuticals, alcoholic liquor, water filtration and purification devices, pan masala, etc.

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

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Last Answer :  Central Excise Duty

Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs

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Last Answer : import tariffs

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Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

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Which of the following is an indirect tax ? (1) Capital Gains Tax (2) Excise Duty (3) Wealth Tax (4) Estate Duty

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Last Answer : Sale in a foreign market of a commodity at a price below marginal cost

What Act forbade Americans to import or export any goods.?

Description : What Act forbade Americans to import or export any goods.?

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Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

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'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

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Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

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Description : The outcome of 'devaluation of currency' is - (1) increased export and improvement in balance of payment (2) increased export and foreign reserve deficiency (3) increased import and improvement in balance of payment (4) increased export and import

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What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Description : What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Last Answer : c. Income

Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Description : Which is the most common method of measuring economic development? a. Profit loss b. Income c. Sales d. Import-export

Last Answer : b. Income

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Description : A government’s restriction on the quantity of imports of a country is known as (a) Export quota (b) Import quota © Import rent. (d) Embargo.

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The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

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Description : Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : All of the above

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Description : The outcome of ‘devaluation of currency’ is (1) increased export and improvement in balance of payment (2) increased export and foreign reserve deficiency (3) increased import and improvement in balance of payment (4) increased export and import 

Last Answer :  increased export and improvement in balance of payment

Waste or refuse arising out of manufacturing activity of output exported shall be charged to import duty as _____ if such waste or refuse is cleared for home consumption. A waste or refuse B imported goods C waste or refuse or output D Scrap

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Last Answer : waste or refuse

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