Could any one tell me in which provision of the Excise Act the excise duty on cement is calculated on the MRP instead of the basic price?
sivasubramanian (articled assistant) (79 Points)
17 July 2010Could any one tell me in which provision of the Excise Act the excise duty on cement is calculated on the MRP instead of the basic price?
Ronen
(Article)
(30 Points)
Replied 17 July 2010
Dear sivasubramania
Under section 4A of the Central Excise Act 1944, Excise Duty will be calculated with reference to Retail Selling Price.
The file attached may be also useful to you. Read chapter 25 of the attachment.
vivek
(CA)
(74 Points)
Replied 25 July 2010
Under section 4A of the Central Excise Act 1944, Excise Duty will be calculated with reference to Retail Selling Price
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
