03 October 2013
i want to know how to workout the recovery of excise paid on one entire lot.for eg. i bought a lot worth rs 100000 and paid 12.36 as on entire lot i.e 12360/-.. now i want to sell the material after sorting the quality.i.e in smaller quantity for eg for rs 100 .. 5000..
2000 etc how should be the excise calculated in such case