Excise on branded ayuvedic medicines
Querist : Anonymous
Mrp - 100
My selling price - 15
turnover - 50 lacs
i want to know do i come in excise and what will be the assessable value for excise
this turnover is being calculated @ Rs.15/- or Rs.100/-
Querist : Anonymous
I think abatement is 35%
i.e. 65 ( 100-35----(100*35%))
Querist : Anonymous
it will be calculated @ Rs.65/-
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