excise duty

791 views 2 replies

goods sold by EOU to DTA of value u/s 14(1) 7500/-

basic custum duty 10 %

CVD IS 20 %

EDU. CESS ON IMPORTED GOODS IS 2%

SHEC IMPORTED GOODS IS 2% 

CALCULATE IN EXACT AMOUNT OF EXCISE DUTY PAID BY EOU.........?????

AND ALSO

CALCULATE CENVAT CREDIT TAKEN BY DTA.......???????

Replies (2)

W.e.f 7-9-2009 the computation is as follows:

Assessable value                                     7,500

Add: BCD @ 5%                                             375(1)

Add: CVD @ 20% on 7875                        1575(2)

Add: EC&SEC on 1575                              47.25(3)

Add: Ec&SEC on 1+2+3                             59.91(4)

total for 3(5)                                                 9557.16

Additional duty u/s 3(5)                              382.28(5)

Total custom duties  1+2+3+4+5              2439.4

Add: EC&SEC on 2439.4                             73.18(6)

Total excise duty payable by 100% EOU  2513

 

Cenvat credit available

CVD                       1575

Duty 3(5)                382.28

EC&SEC (3+6)     120.43

total                          2077.71     

Very Very useful Question and Answer.  Thanks both of you.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details