Excise on footwear

This query is : Resolved

shoeb parwaiz (Querist)
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19 June 2012 Dear All,

We are the manufacturer of leather footwear. We supply goods @ Rs.740.00/pair & dealer sales it @ Rs.960.00/pair. I have calculated Excise Duty as under:

1. Price of Footwear 740.00
(-)Abatement@35% 259.00
Assessable Value 481.00

Excise Duty 481.00X12.36%
59.45/Pair

2. Price of Footwear 960.00
(-)Abatement@35% 336.00
Assessable Value 624.00

Excise Duty 624.00X12.36%
77.12/Pair

I wanna know which method is right to calculate excise duty. Also, I would like to clear that we manufacture Buyer's Brand.

Regards

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 June 2012 please find enclosed herewith the link for calculating the duty:

https://www.eximguru.com/calculator/calculatecustomduty.aspx?1=5&2=&3=0&4=4&hscode=25020000

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