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Value addition

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(Querist)
11 March 2013 SIR,

PLEASE ANYBODY TELL ME HOW TO CALCULATE VALUE ADDITION AS PER EXCISE. (I.E. I WANT TO DETERMINE WHETHER I HAVE PAID DUTY ON THE VALUE ADDITIONS PLEASE ADVISE.
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Rajeev Kumar Garg

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Rajeev Kumar Garg (Expert)
12 March 2013 BASICALLY, THE DIFFERENCE BETWEEN SALE VALUE AND COST OF PRODUCTION IS CALLED VALUE ADDITION AS PER EXCISE.
THANKS
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
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hari

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hari (Querist)
13 March 2013 SIR, MY QUESTION IS WHILE CALCULATING VALUDITION TO GET THE MATERIAL CONSUMED VALUE , WE HAVE TO CONSIDER ONLY RM OPENING STOCK+PURCHASE-CLOSING STOK OR OPENING SOTCK OF (RM+FG+WIP)+PURCHASE-(CLOSING STOCK OF RM+FG+WIP) THANKS
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