Can anybody please explain:
How the excise need to be calcuated if a person is dealer.
Bought 100 kg @ 1000per kg.= Rs.10,00,000.
Now want to levy excise on sale of 45kg. @ 1200.
Now whether to take proportionate amt for 45kg. ( @ 1000/-) or to take @ 1200. Please explain.
Dealer should pass on duty to excise user
Duty on Purchase
------------------------- X Quantity of sale= duty pass on
Quantity Purchase
same procidure on cess to be fallow.
Respected sir
Dealer should pass on duty to consignee on sale of goods
Hey people.......... The First stage and second stage dealers are also dealers and they can pass the Excise and registration ios mandatory for them......... I agree with the formula provided by Avatar.......
I am agree with RAM AVTAR'S opinion.
This is the only perfect method for calculation excise duty in dealer case.
Ya,
I agree with Mr. Ram Avtar Singh. The formulla suggested by him is correct.
Regards
Harendra Singh Negi
CAclubindia
