I AM FACING PROMBLEM IN FOLLOWING QUESTION PLZ TRY ,
DETERMINE THE ASSESSABLE VALUE FOR THE PURPOSE OF LEVY OF EXCISE DUTY FROM THE FOLLOWING PARTICULAR
(I) CUM.DUTY SELLING PRICE EXCLUSIVE OF SALES TAX.....................rS10,000
(II)RATE OF EXCISE DUTY PAYABLE ...............................................................16%
(III)TRADE DISCOUNT ALLOWED (NOT DEDUCTATABLE FROM SALES PRICE)........RS1200
(IV)FREIGHT (INCLUDED IN SALES PRICE)..................................................RS680
CAclubindia
