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Excise duty calculation
My company is excemted for ₹1.5cr under 8/2003 of SSI in rural areas.
I want to know when am I supposed to pay duty?
when the accessible value of excise crosses 1.5 cr or when my turnover reaches 1.5 cr ( excluding the taxes VAT etc.).
Replies (2)
How is the value of dutiable goods are calculated in this case?
Dear Ashutosh,
You need to pay excised duty after value of your domestic clearances I.e. in simple words your sales exceeds 1.5 cr... Value of dutiable goods will be calculated as per Central Excise Valuation Rules...
Regards CA Harshal Pahade
Contact 9272344759
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