Excise duty calculation
Rem (Practicer) (125 Points)
18 March 2017Rem (Practicer) (125 Points)
18 March 2017
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 18 March 2017
chapter 44 see the tariff heading accordingly in the chapter pay duty at 12.36% 12% rate 2% higher education cess and 1% secondary education cess assessable value nothing but the sale price for the item no abatement
Rakshit
(practising)
(338 Points)
Replied 28 March 2017
Rate of excise duty is 12.5%
NoCess
No abatement
Either pay Excise duty on the value charged or treat the total transaction value as Cum-duty price
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