How to recover excise duty charged on entire lot of scrap
This query is : Resolved
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
04 October 2013
make invoice just like finished goods sale and charge duty 12.36% and vat/CST. nothing new.
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