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Calcluation of excise

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Querist : Anonymous (Querist)
02 March 2013 How to calculate Excise Duty
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Rajeev Kumar Garg

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Rajeev Kumar Garg (Expert)
03 March 2013 Excise Duty is calculated on assessable value (Sale Value) @ 12 % or at that rate which is applicable on your product. Then Education Cess @ 2% and Higher Education Cess @ 1% on amount of duty.
For Example, if sale value is Rs. 10000/=
Duty will be Rs. 1200/=
Ed. Cess will be Rs. 24/=
Higher Ed. Cess will be Rs. 12/=
Total Duty will be Rs. 1236/= which can be said in percentage 12.36% of the assessable value.
Profile Image

Rajeev Kumar Garg

Profile Image

Rajeev Kumar Garg (Expert)
03 March 2013 Excise Duty is calculated on assessable value (Sale Value) @ 12 % or at that rate which is applicable on your product. Then Education Cess @ 2% and Higher Education Cess @ 1% on amount of duty.
For Example, if sale value is Rs. 10000/=
Duty will be Rs. 1200/=
Ed. Cess will be Rs. 24/=
Higher Ed. Cess will be Rs. 12/=
Total Duty will be Rs. 1236/= which can be said in percentage 12.36% of the assessable value.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
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