PLEASE ANYBODY TELL ME HOW TO CALCULATE VALUE ADDITION AS PER EXCISE. (I.E. I WANT TO DETERMINE WHETHER I HAVE PAID DUTY ON THE VALUE ADDITIONS PLEASE ADVISE.
12 March 2013
BASICALLY, THE DIFFERENCE BETWEEN SALE VALUE AND COST OF PRODUCTION IS CALLED VALUE ADDITION AS PER EXCISE. THANKS Rajeev Kumar Garg (M.Com, L.L.B.) Consultant (Excise, Customs & Service Tax) Ph. no. +91 7500802402
13 March 2013
SIR, MY QUESTION IS WHILE CALCULATING VALUDITION TO GET THE MATERIAL CONSUMED VALUE , WE HAVE TO CONSIDER ONLY RM OPENING STOCK+PURCHASE-CLOSING STOK OR OPENING SOTCK OF (RM+FG+WIP)+PURCHASE-(CLOSING STOCK OF RM+FG+WIP) THANKS
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