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Exise and vat details.

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(Querist)
20 April 2013 Hi,

I want to now how the excise duty wil be calculated?
The manufacturing cost of my product is say Rs. 25000 and I sell it at Rs. 30000. On what amount I have to pay excise duty? Do I have to add VAT before Excise or I have add Excise before VAT?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
20 April 2013 You will pay the excise duty on transaction value i.e. Rs. 30000/-.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
20 April 2013 Agree with expert.

Basic Value before excise and VAT XXX
Add: Excise Duty XXX

total XXX

Add:Sales Tax on Total XXX

sales Value XXXX

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