Assasable value for mrp based product
This query is : Resolved
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
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
06 May 2012
You are suggested to charge duty on value of excisable goods after abatement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
