01 May 2012
We have a SSI unit and using exemption facility for Excise duty. but our product i.e.Safty Helmet is MRP based cover under Chapter 69 in which we have to charge duty on 65% of the MRP
For Ex. Product A having MRP Rs.100 and sale value Rs.70 we have to charge duty on Rs.65 i.e. 65% of MRP please tell me for filling Excise return which value will be consider as assasable value either Rs.65 or Rs.70
CAclubindia
