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. 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 ?
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