Assistant Manager @ Reliance Communicati
759 Points
Joined July 2008
price 0- 249 excise Duty nil
price 250 to 749 excise duty 4 %
price 750 above excise duty 10%
hope you are clear with how duty is charged..examine a sales invoice carefully..u will understand
further excise duty will be caclulated on 65% of mrp if product price is below 750
and 60% on mrp if price is above 750
for example price Rs 800 excise duty rate appicable will be 10% but on 60% of 800