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