Calcluation of excise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2013
How to calculate Excise Duty
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.
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
(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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Import of Software Service.
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
