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How to calculate the excise duty on goods

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(Querist)
25 December 2013 pleas give me that answer
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 December 2013 Excise duty is calculated on the transaction value to be determined as per the Central Excise Act read with Central Excise Rules.

In normal circumstances the sale price will be the transaction value and excise duty will be calculated on such sales price.
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