Pla excise duty

Dear Sir

How to calcaulate PLA excise duty for Manufacturer unit , please explain with example

also give information what type of deduction or exemption adjusted during duty payment

Thanks & Regards

bharati shahani [m.com]

employee 

Replies (1)

Let us take the common example.......

Excise duty paid on:

Input(raw material ) purchased---1000

Capital goods purchased         ---1000

Now, on clearance of final goods, the excise duty liability comes to Rs. 10000

 

So..amount through PLA will be as follows:

Excise duty payable               ----10000

(-) CENVAT credit

   --- Input @ 100%                   ----(1000)

   ---Capital goods @ 50%      ----(500)

amount payable through PLA      8500

Note:  Also, CENVAT credit of various services can be taken in accordance with CCR rules,2004...

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