Solution of this problem

. Revti industries has a factory at lonavala and two branches at vapi and silvase. The goods produced at factory are dispatched to the branches. The goods are produced at cost of 170 per unit. The transport cost to vapi is 35 per unit and to silvase are 30 per unit profit @ 20% on cost is added during March 2015, quantity manufactured was 25000 unit. out of this 7500 units were sent to vapi and 6500 unit were sent to silvase the sales during month were. A. lonavala -9000 unit to local customer lonavala 2000 unit to overseas buyer b. vapi -6500 unit to local customer c. silvase -5500 unit to local customer in addition 500 units were captively consumed calculate excise duty payable @ 12.36 %
Replies (1)

Lot of points is unclear in the query. 

a) Clear the rate at which the material transferred / sold to branch.

b) Clear the rate at which the material sold to local customers at each point.

c) Whether the output of captive consumption is an excisable product?

d) Material send to branch is as sales or stock transfer ?

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details