Assessable value in er3 form

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vivek agrawal (Querist)
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05 October 2016 Hello,

Please help to understand the assessable value. in following 2 scenario.

1. Under 1.5cr Limit (Excise is not charged )
Material Value: 50000 (includes excise amount)
VAT: 2500
Total (502500)

2. Once 1.5Cr Limit is crossed
Material Value (40000) (Excise amount is not include)
Excise value (10000) (Excise amount, taken round figure )
VAT 2500
Total 502500.

When I will file the ruturn in both scenario what value I will fill in the assessable value part.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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13 October 2016 Under the SSI exemption you need to mentioned in the ER-3 return SSI exemption notification 8/2003-C.E. and after this limit you pay the excise duty.

vivek agrawal

vivek agrawal (Querist)
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20 October 2016 well my question is the difference of assessable value figure in both the scenario. I have give two scenario and the invoice calculation

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