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value for calculation of Excise duty,CST or VAT

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(Querist)
01 August 2008 Sir,

Pl advise me whether following statement is correct or not

1.For calculation of Excise duty, we should not considered the amount of frieght and insurance(transportation charges),only Exworks price shall be taken in to account.

2.For calculation of CST,we should not considered the amount of frieght and insurance(transportation charges),only Exworks price+Excise duty+EC+SHEC shall be taken into account.

3.For calculation of VAT,we should considered the amount of frieght and insurance(transportation charges)also.,i.e., Exworks price+Tranportation charges+Excise duty+EC+SHEC shall be taken into account.


yours faithfully

G Ramesh babu
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CMA Gul S

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CMA Gul S (Expert)
01 August 2008 yes
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