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Excise duty calculation

EXICSE (Legacy) 611 views 2 replies
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CEO
25 Points Posted on 26 December 2014
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.).
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On 26 December 2014 at 20:42 Report
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CEO
25 Points Posted on 26 December 2014
How is the value of dutiable goods are calculated in this case?
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On 26 December 2014 at 21:13
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CA
106 Points Posted on 29 December 2014
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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On 29 December 2014 at 22:53


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