09 April 2017
Revati Industries has a factory at Lonavala and two branches at Vapi and Silvasa. The goods are produced at a cost of 170 per unit. The transport cost to Vapi is 35 per unit and to Silvasa are 30 per unit. Profit @20% on cost is added. During March 2015, quantity manufactured was 25000 units. Out of this 7500 units were sent to Vapi and 6500 units were sent to Silvasa. The sales during month were:- a) Lonavala 9000 units to Local customer Lonavala 2000 units to overseas buyer b) Vapi 6500 units to local customers c) silvasa 5500 units were captively consumed. Calculate excise duty payable @12.36%.
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