Excise duty on marble slab/ tiles
This query is : Resolved
Shikha Jain
(Querist)
06 November 2013
Hello,
Excise duty rate on Marble slabs/ Tiles is Rs. 60 per sq. mtr. and the tariff rate of excise duty is 12%.
Can anybody tell me whether duty @ Rs. 60 per sq. mtr. can exceed duty @ 12%.
Excise duty rate on Marble slabs/ Tiles is Rs. 60 per sq. mtr. and the tariff rate of excise duty is 12%.
Can anybody tell me whether duty @ Rs. 60 per sq. mtr. can exceed duty @ 12%.
RAMESH KUMAR VERMA
(Expert)
09 November 2013
HI,
actually duty on this item is 12%, but Refer to CBEC notification no.12 dtd 17.03.2012 is rs. 60.(Rs 30 sq m to Rs 60 sqm)
it means that duty will be impose which is lower both of them condition.
https://cbec.gov.in/customs/cs-act/notifications/notfns-2012/cs-tarr2012/cs12-2012.pdf
actually duty on this item is 12%, but Refer to CBEC notification no.12 dtd 17.03.2012 is rs. 60.(Rs 30 sq m to Rs 60 sqm)
it means that duty will be impose which is lower both of them condition.
https://cbec.gov.in/customs/cs-act/notifications/notfns-2012/cs-tarr2012/cs12-2012.pdf
Shikha Jain
(Querist)
09 November 2013
Thank You for your reply. But Sir,it is also mentioned in the act that if Govt has specified rate of excise duty on a particular item then duty shall be deposited on the basis of that specified rate only.
Please send clarification in this regard, i will be thankful to you.
Also, there is an e.g.. Please see & tell me what amount of duty is to be deposited on Marble slab;-
Sale of 575.1347 sq mt. @ 226.044/- total bill amount is Rs. 130005.75.
Excise duty @ Rs. 60 per sq. mt. will be Rs. 34508 (575.1347*60) + 3% cess while Excise duty @ 12% will be Rs.15600.69 (130005.75*12%)+3% cess.
Please tell in the above mentioned e.g. how much amount of duty liability is to be paid to the Govt.
Please send clarification in this regard, i will be thankful to you.
Also, there is an e.g.. Please see & tell me what amount of duty is to be deposited on Marble slab;-
Sale of 575.1347 sq mt. @ 226.044/- total bill amount is Rs. 130005.75.
Excise duty @ Rs. 60 per sq. mt. will be Rs. 34508 (575.1347*60) + 3% cess while Excise duty @ 12% will be Rs.15600.69 (130005.75*12%)+3% cess.
Please tell in the above mentioned e.g. how much amount of duty liability is to be paid to the Govt.
RAMESH KUMAR VERMA
(Expert)
09 November 2013
roughly,,,,
first condition rs.34508
2nd condition duty 17705
provide per forma invoice so that after check can be examine....
first condition rs.34508
2nd condition duty 17705
provide per forma invoice so that after check can be examine....
Shikha Jain
(Querist)
09 November 2013
Sl Description of Goods Quantity Rate per Amount
No.
1 Marble Slabs/tiles ( M) 6190.750 sft. 21.00 sft. 130005.75
Output Excise Duty 34508.00
Output Education Cess @2% 2 % 690.00
OutputSecondary Edu Cess @1% 1 % 345.00
C.S.T. @ 2% Ag Form 'C' 2 % 2600.12
Round Off 0.28
Total 6190.750 sft. ₹ 168149.15
No.
1 Marble Slabs/tiles ( M) 6190.750 sft. 21.00 sft. 130005.75
Output Excise Duty 34508.00
Output Education Cess @2% 2 % 690.00
OutputSecondary Edu Cess @1% 1 % 345.00
C.S.T. @ 2% Ag Form 'C' 2 % 2600.12
Round Off 0.28
Total 6190.750 sft. ₹ 168149.15
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