Price inclusive of excise duty

698 views 2 replies
Hi,
this is my first post & first quarry
 
Many manufacturers in India (like Pidilite Industries) have their Price List (PL) inclusive of Excise Duty (ED). Now 
 
example: If List Price of Item A = 100 ( then in normal circumstances if a customer is given a discount of 10% ) then the price would be 100-10% = 90.
 
Now in  there is a need for this prices to be inclusive of Excise duty so if we assume the Excise Duty is 12% then how to calculte it? (How to do Backword Calculation in this case?)
 
NB: MRP of Drum Of 300 Ltr is Rs. 3000
 
Thanks in Advance
Replies (2)

Let us assume Rs.100 includes ED @ 12%, so breakup would be Rs.89 (basic price) + Rs.11 (ED) (i.e. 100/1.12 gives the basic price)

Similarly u can do it for any value.

Is this what u wanted to know?

 

 

Pidilite ind or other consumer goods manufacturers clear the goods under MRP basis and they get their calculations lower than MRP for duty calculation, so 1 or 2 percent does not effect on their MRP in short term, however in long term they may change the MRP 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details