23 April 2014
Sir , I want to know that whether excise duty charged on quantity basis ???? my another question is that if we charged it ,,, then how we charged it means which rates ?? Sir i am checking a purchase voucher in that there is a purchase voucher of purchasing of GRINDING WHEEL & in that voucher in INVOICE CUM TAX CHALLAN excise duty charged on basis of QUANTITY ....
25 April 2014
Hello, On Grinding wheel, the excise is levied as a percentage of the Value declared. the quantity is only mentioned as an unit of measurement. Can you forward a copy of the invoice for better clarification? my email id cmasantoshkalburgi@gmail.com
Regards Santosh G Kalburgi Cost Accountant 9742022309
CAclubindia
