Excise duty problem
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2015
Dear Sir, Please any one solve this problem urgently plz plz plz.....
Indira Industries, Pune produces a product the cost of production is Rs. 450/- per unit, selling cost is 90/- per unit and profit is 50/- per unit. the excise duty is due @ 12.36% during a month, the actual production was 90000 units. the discounts are offered to different class of buyers at varying rates. the disposal of goods was as follows.
class Quantity Discount % of sales price Distributor 40000 20% Agent 6000 16% Super Bazar 8000 10% Retail Outlet 4000 5% Foreigner 4000 15% Calculate duty payable
I hopes some one solve this sum urgent basis ... Thank you Regards VIJAY
Read more at: https://www.caclubindia.com/forum/excise-duty-problem-329191.asp#.VXKrQtKqqko
Indira Industries, Pune produces a product the cost of production is Rs. 450/- per unit, selling cost is 90/- per unit and profit is 50/- per unit. the excise duty is due @ 12.36% during a month, the actual production was 90000 units. the discounts are offered to different class of buyers at varying rates. the disposal of goods was as follows.
class Quantity Discount % of sales price Distributor 40000 20% Agent 6000 16% Super Bazar 8000 10% Retail Outlet 4000 5% Foreigner 4000 15% Calculate duty payable
I hopes some one solve this sum urgent basis ... Thank you Regards VIJAY
Read more at: https://www.caclubindia.com/forum/excise-duty-problem-329191.asp#.VXKrQtKqqko
Arun Kumar Singh
(Expert)
08 June 2015
The duty of excise will be payable on the transaction value of the goods. In the transaction value cost of production and minimum 10% profit should be mention. You should consult with any professional.
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