new to excise plz guide

Dear John,

your answer is here..

1). if mr. x purchases from A & sales to B. with in the same rate of excess rate, the Mr. X has pass on the Same excise duty to B which was credited you on invoice of Mr. A., For Example Mr. X Purchase from Mr. A - 100 Nos. Airconditioner @ Rs. 20000 + Excise + VAT / CST. the same will be sales to Mr B the excise duty as it is charged as per invoice of Mr. A. but you have collect sales price exceeds or  less than 20000/-  there is no any problem in this transaction.

This transaction IS knows in excise AS A " INPUT TO BE CLEARED AS SUCH "

Pl. see the excel sheet here.

2). If your manufacturing this item & sales to Mr. B then you have charged the excise is as under >

Quantity * Material amount = Ass. Value + Excise duties as applcable + VAT / CST.

Thnks & Rgds..

hemujmehta @ yahoo.co.in