Excise on namkeens & biscuit

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Please provide me details...how much excise applicable on manufacturing of Namkeen(Aloo Bhujia,Mixture,Kurkurre) and Biscuits. lets says under Brand name Shyam Namkeens.

Please tell me about the Excise Turnover Limits.

Replies (4)

Prateek in my opinion Exise Duty will be calaulated on transaction value based on MRP on such product u/s4A...as it is a retail pack if it satisfies 2 condition laid down u/s 4A:

1) Required by Standard Weight & Measurement Act(SWMA)

2) If it notified by the Central Government

Now Transaction value wil be MRP less % notified by CG

That will be the  Assessable Value on which ED will be levied @ 14% + 3% +2%

Now lets c the other members agrees with me or not.

/forum/excise-duty-on-sweets-amp-namkeens-132861.asp

https://www.cbec.gov.in/excise/cx-circulars/cx-circulars-06/841-2006-cx.htm

Thanks Tanvi


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