cess on "amount "

This query is : Resolved

CA SAFI (Querist)
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04 February 2009 if x manufacturer manufactured excisable as well as exempted goods and unable to maintain sapeate books of account in such a situation he has an option to pay an "amount"(not excise duty) equal to 10% of exempted goods.
As cesses are payable on excise duty and not on "amount"....
on the above "amount", x has to pay any education and higher education cess or not?

please reply
THANKSSSS...............

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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05 February 2009 The amount paid by you is in lieu of excise duty. Therefore all amounts payable by you has to be suitably increased by Primary education cess and higher education cess.

nilesh kshirsagar

nilesh kshirsagar (Expert)
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05 February 2009 Such Amount (10 % amount of exempted goods) is inclusive of edu. cess & Hs cess.
i.e (10 % + 2 % +1 % = 0.103

Regards

K-sagar

k-sagar Management Counsultant

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