calculation of excise

This query is : Resolved 

31 July 2010 Dear Experts,
1) How i have to calculate Excise Duty liability for a company?
2) What is the entry for recognising the excise duty ?
3) what is the entry when it is passed to the buyer?
With regards,
Rajiv

02 August 2010 1.Excise duty need to calculate on the assessable value of the excisable product

2. Manufactring the excisable products is only recogonising criteria for excise duty

3. on invoicing the goods through excisable invoice can be pass the duty to buyer



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