Sugar Factory Project

Topics: Excise, Indirect tax, Direct tax Pages: 44 (9372 words) Published: September 21, 2011





-: Submitted By:-


-: The Research Guide:-


-: Affiliated To :-
University of Pune
N.D.M.V.P.Samaj’s Nashik

Institute of Management Research and Technology (IMRT)

For The Academic Year

2008 -2009


Indirect tax is the one of the most enormous source of fund collection of the Indian government which aids to development expenses and other aspects. Central excise is one aspects of fund/revenue collection.

Features of indirect taxes.

Government of India needs funds for various purposes like maintenance of law and order, defence, social /health services etc. Government obtains funds from various sources out of which one main source is taxation, Justice Holmes of US Supreme Court has long ago rightly said that tax is the price which we pay for a civilized society.-view echoed in Parshuram Pottery works ltd vs. ITO (1977) 106ITR 1(sc).Taxes are conventionally broadly classified as Direct taxes and indirect taxes. As the name suggest, direct taxes are paid directly and indirect taxes paid indirectly. In the case of indirect taxes, they are paid by one person, but he recovers the same from another person. Thus, the person who actually bears the tax burden pays it indirectly through some other person, Who practically, merely acts as colleting agent of course, he is liable if fails to collect and pay the taxes.

Central excise is totally whit the manufacturing company, which company Produce or manufacture excisable goods as per Central Excise Act 1944. Excisable goods indicate which goods failing under Central Excise Act 1944, And it is also must be movable and marketable and must be produce or manufacture in India.

Indirect tax structure on goods.

• Excise duty 14%,

• Education cess 2%,

• Secondary and higher secondary education cess 1%,

• Vat 12.50%.

Invoice must be have 4 copy

1) Original for buyer.

2) Duplicate for transporter.

3) Third for assesses.

4) Fourth acknowledgement copy.


It gives me immense pleasure to present this project report on study of Excise Duty Paid out by GABRIEL INDIA LTD. In partial fulfillment of post-graduate course M.B.A. No work can be carried out without the help and guidance of various persons. I am happy to take this opportunity to impress my gratitude to those who have helped me in completing this project report. At the outset, I would like to thank Mr. Kadam Head of Dept. (Excise) of ‘GABRIEL INDIA LTD’ for their valuable advice and guidance during my project completion, also Mr. Doke for timely help concerning various aspects of project. I would be failing in my duty if I do not express my deep sense of gratitude to Prof. D.D.WALKE without his guidance. It wouldn’t have been possible for me to complete this project work. Lastly I would like to thank all professors and staff at I.M.R.T., my friends and all those persons who contributed directly or indirectly for successful completion of this project.



I, Avinash Chandrakant Ighe, student of MBA studying in Institute of Management Research & Technology, Nashik solemnly declare that the project titled “STUTY OF EXCISE DUTY PAYMENT BY GABRIEL INDIA LTD.” was carried out by me in partial fulfillment of the MBA program under University of Pune. This project was under taken as part of academic curriculum as per university rules and norms and by no commercial interest or motive. It is my original work and not submitted elsewhere for any other purpose earlier.



|Chapter No. |Contents |Page No. | | 1 | |INTRODUCTION ABOUT THE STUDY...
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