Assasable value for mrp based product
This query is : Resolved
01 May 2012
We have a SSI unit and using exemption facility for Excise duty.
but our product i.e.Safty Helmet is MRP based cover under Chapter 69 in which we have to charge duty on 65% of the MRP
For Ex. Product A having MRP Rs.100
and sale value Rs.70 we have to charge duty on Rs.65 i.e. 65% of MRP
please tell me for filling Excise return which value will be consider as assasable value either Rs.65 or Rs.70
but our product i.e.Safty Helmet is MRP based cover under Chapter 69 in which we have to charge duty on 65% of the MRP
For Ex. Product A having MRP Rs.100
and sale value Rs.70 we have to charge duty on Rs.65 i.e. 65% of MRP
please tell me for filling Excise return which value will be consider as assasable value either Rs.65 or Rs.70
06 May 2012
You are suggested to charge duty on value of excisable goods after abatement.
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