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KSOU MBA III-SEMESTER SEMINAR TOPICS JULY AND JANUARY
ASSIGNMENTS [Minimum of 10 pages].
ELECTIVES (GROUP F) CORPORATE LAW
C-24F: CORPORATE TAXATION LAW
1. What is the procedure of Assessment? Write a note on Re-Assessment.
OR
2. What are the various types of Excise Duties? Explain the procedure of valuation of goods under the customs regime.
Question: 2. What are the various types of Excise Duties? Explain the procedure of valuation of goods under the customs regime.
Answer: Taxation plays a vital role in the economy and makes a significant contribution to it. In India, the tax structure encompasses different types of taxes and duties like excise duty. To streamline the process of paying taxes and claiming returns, it is essential for individuals whose income comes under a taxable bracket to become familiar with the different types of taxes and duties.
What is Excise Duty?
Fundamentally, excise duty is a tax levied on domestically produced goods. Generally, it is charged on their production and sale and is also known as CENVAT or Central Value Added Tax.
Central Excise duty is an indirect form of taxation and is collected from a customer by a retailer or an intermediary. It is paid when goods are
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