Excise duty on marble slab/ tiles
This query is : Resolved
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%.
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
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.
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....
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
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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Fixe term employment
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
