26 July 2010
my query is... A is a dealer and B is a manufacturer.. both in located in delhi
A purchase 100 Kg pig iron @50/- + 10.30%excise duty + 5%vat on the goods from B and A sell this goods to C. C is also manufacturer & A wants to sell this goods on Rs 2/- profit. will A pass excise duty on Rs 52/-?