Difference between Central Excise Tax and CENVAT

 

Difference between CENVAT and Central Excise Tax



Difference between Central Excise Tax and CENVATWhat is CENVAT and Central Excise Tax? How does Central Excise Tax differ from CENVAT?


CENVAT means Central Value Added Tax. CENVAT credit is a credit in respect of central excise on inputs purchased for the manufacture or duty paid in relation to the manufacture of the final product. Central Excise Tax is levied up on manufacture of excisable goods in India. So Central Excise Tax has to be paid at the time of removal of manufactured products.


Separate information about Central Excise Tax and CENVAT is mentioned in this web blog. You may click below links to know more:



What is Central Excise Tax?


How does CENVAT work?



I hope, the above details on a brief description about difference between Central Excise Tax and CENVAT helps you.



If you would like to add more information on difference between CENVAT and Central Excise Tax, share below your comments.

 

  

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Comments


NANDKISHOR : Dear expert i want know that please explain difference between excise and cenvat please clear with example ,and also explain the process of excise payment and return with excel format.How to we prepare document for payment and return.

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