| 1. Commodities on which state governments impose excise duties are exempted from the central excise duty |
| 2. In recent years large number of goods has come under excise duty. Moreover, the rates of these duties have also been increasing |
| 3. Commodities which are produced within the country levied by central excise duty |
A) 1 only
B) 1 and 2
C) 3 only
D) 1, 2 and 3
Correct Answer: D
Solution :
The commodities which are produced within the country levied by central excise duty. However, commodities on which state governments impose excise duties (e.g., liquor, drugs) are exempted from the central excise duty
You need to login to perform this action.
You will be redirected in
3 sec
