03 February 2012
Dear sir, i am filing online er-1 and facing some difficulties, hope that you may resolve this. CETCH NO. : 24031031 DESCRIPTION OF GOODS: HANDMADE BIRIS UNIT OF QNTY: U OPENING VALUE: 647900 QNTY MANUFACTURED: 1761300 QNTY CLEARED : 1720000 CLOSING BALANCE: 689200 ASSESSABLE VALUE: ????????????
please provide me assessable value figure? Client paid rs. 24801 (13760+8600+1720+481+240) as total excise duty on qnty cleared i.e 1720000.
03 February 2012
But in this case excise duty is leviable on the basis of specific rate of duty i.e. on the basis of quantity of goods cleared i.e. basic excise duty of Rs. 8 per thousand of biris cleared...Assessable value here will be the value at which goods are sold..
04 February 2012
Effective rate of duty is Rs. 8 per Thousand as per general exemption under Notification NO. 03/2006 dt. 01.03.2006 as amended by Notification No. 22/2007 dt. 03.05.2007
04 February 2012
thanks for your quick concern..but my doubt is not yet cleared. iam not geting the assessable value figure Is I write assessable value = 1720000 which is also the quanity cleared figure or i write sale figure which is rs. 338625. but if i go for sale figure then it gives error when i give rate of percentage at the payable sheet of er-1 excel utility.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
04 February 2012
if we want to file return for the month of january 2012 then what year we will write at the form er-1, is it 2011 or 2012?