Calculation of excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
Dear Sir,
Kindly suggest me how I calculate Excise duty
Ex. Total Sale value. 32091 (Inclusive ED)
Kindly suggest me how I calculate Excise duty
Ex. Total Sale value. 32091 (Inclusive ED)
07 December 2012
HI
It is inclusive of Excise or Exclusive?
Thanks
It is inclusive of Excise or Exclusive?
Thanks
Message likes :
1 times
08 December 2012
hi if ED is 16% & 3% is Cess then effective rate would be 16.48
so (32091 x 16.48)/116.48 = 4540
Basic Sales = 27550
Thanks
so (32091 x 16.48)/116.48 = 4540
Basic Sales = 27550
Thanks
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