Central Excise Notifications

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Which of the following is not a type of Central Excise Notification?

  1. Exemption Notification

  2. Concessional Notification

  3. Refund Notification

  4. Prohibition Notification


Correct Option: D
Explanation:

Prohibition Notifications are not a type of Central Excise Notification.

What is the purpose of an Exemption Notification?

  1. To exempt certain goods from excise duty

  2. To reduce the rate of excise duty on certain goods

  3. To provide a refund of excise duty on certain goods

  4. To prohibit the manufacture, sale, or import of certain goods


Correct Option: A
Explanation:

Exemption Notifications are issued to exempt certain goods from excise duty.

What is the purpose of a Concessional Notification?

  1. To exempt certain goods from excise duty

  2. To reduce the rate of excise duty on certain goods

  3. To provide a refund of excise duty on certain goods

  4. To prohibit the manufacture, sale, or import of certain goods


Correct Option: B
Explanation:

Concessional Notifications are issued to reduce the rate of excise duty on certain goods.

What is the purpose of a Refund Notification?

  1. To exempt certain goods from excise duty

  2. To reduce the rate of excise duty on certain goods

  3. To provide a refund of excise duty on certain goods

  4. To prohibit the manufacture, sale, or import of certain goods


Correct Option: C
Explanation:

Refund Notifications are issued to provide a refund of excise duty on certain goods.

Which of the following is not a Central Excise Notification?

  1. Notification No. 1/2023-Central Excise

  2. Notification No. 2/2023-Central Excise

  3. Notification No. 3/2023-Central Excise

  4. Notification No. 4/2023-Central Excise


Correct Option: D
Explanation:

Notification No. 4/2023-Central Excise is not a Central Excise Notification.

What is the date of Notification No. 1/2023-Central Excise?

  1. January 1, 2023

  2. January 15, 2023

  3. February 1, 2023

  4. February 15, 2023


Correct Option: A
Explanation:

Notification No. 1/2023-Central Excise was issued on January 1, 2023.

What is the subject of Notification No. 2/2023-Central Excise?

  1. Exemption from excise duty on certain goods

  2. Reduction in the rate of excise duty on certain goods

  3. Refund of excise duty on certain goods

  4. Prohibition of the manufacture, sale, or import of certain goods


Correct Option: A
Explanation:

Notification No. 2/2023-Central Excise is an Exemption Notification.

What is the rate of excise duty on goods covered by Notification No. 3/2023-Central Excise?

  1. 12%

  2. 18%

  3. 24%

  4. 28%


Correct Option: B
Explanation:

The rate of excise duty on goods covered by Notification No. 3/2023-Central Excise is 18%.

What is the period of validity of Notification No. 1/2023-Central Excise?

  1. One year

  2. Two years

  3. Three years

  4. Four years


Correct Option: A
Explanation:

Notification No. 1/2023-Central Excise is valid for one year.

Which of the following is not a Central Excise Notification?

  1. Notification No. 1/2023-Central Excise

  2. Notification No. 2/2023-Central Excise

  3. Notification No. 3/2023-Central Excise

  4. Notification No. 4/2023-Central Excise


Correct Option: D
Explanation:

Notification No. 4/2023-Central Excise is not a Central Excise Notification.

What is the date of Notification No. 1/2023-Central Excise?

  1. January 1, 2023

  2. January 15, 2023

  3. February 1, 2023

  4. February 15, 2023


Correct Option: A
Explanation:

Notification No. 1/2023-Central Excise was issued on January 1, 2023.

What is the subject of Notification No. 2/2023-Central Excise?

  1. Exemption from excise duty on certain goods

  2. Reduction in the rate of excise duty on certain goods

  3. Refund of excise duty on certain goods

  4. Prohibition of the manufacture, sale, or import of certain goods


Correct Option: A
Explanation:

Notification No. 2/2023-Central Excise is an Exemption Notification.

What is the rate of excise duty on goods covered by Notification No. 3/2023-Central Excise?

  1. 12%

  2. 18%

  3. 24%

  4. 28%


Correct Option: B
Explanation:

The rate of excise duty on goods covered by Notification No. 3/2023-Central Excise is 18%.

What is the period of validity of Notification No. 1/2023-Central Excise?

  1. One year

  2. Two years

  3. Three years

  4. Four years


Correct Option: A
Explanation:

Notification No. 1/2023-Central Excise is valid for one year.

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