Central excise

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no designation
340 Points Joined May 2010

cum duty wholesaleprice including sales tax Rs. 2500      - Rs. 15000

normal secondary packing cost                                                - Rs. 1000

cost of special secondary packing                                           - Rs. 1500

cost of durable and returnable packing                                    - Rs. 1500

freight - Rs. 1250   insurance on freight - Rs. 200 trade discount (normal practice)  -Rs. 1500 central excise rate -10% Adv.

compute the assessable value

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On 26 February 2012 at 16:22 Report
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B.com (H) CA
133 Points Joined June 2010
hi, let me clear 2 things 1. whether the wholesale price is inclusive of other items? 2. where are the sales effected? - factory, or - buyer's place and what the word Adv means after 10%
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On 26 February 2012 at 19:25
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glidor@gmail.com
21068 Points Joined January 2010

it looks that goods are under MRP based, and abatement is there for duty payment, 

 

 

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On 27 February 2012 at 11:13


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