Central excise

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How To Calculate Excise Duty And Vat On excise and rate of excise duty with example

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AV                                                             100

Excise ( @ 12.36% of 100)                     12.36

VAT ( @ 5% on 112.36%)                         5.62

Total                                                         118 (Rounded off) 

Assumed Rate of Excise 12% and of VAT @ 5%

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