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Doubt on excise problem
roduction 1500 units, quantity sold 510 units @ 250 per unit, 840 units @ 200 per unit, sample clearances 35 units and the balance 150 units are in stock. Hence, the assessable value is Rs._________
Replies (1)
| Cleared Qty. | Price | Amount | Reason |
| 510 | 250 | 127500 | Sec.4(1) central excise act 1944 |
| 840 | 200 | 168000 | Sec.4(1) central excise act 1944 |
| 35 | 200 | 7000 | Rule 4 read with rule 2 of Central excise valuation (DPEG) rules 2000 |
| A.V. | 302500 |
Bal. stock of 150 unit will be valued at its Transaction value.
Excise Duty = 302500* Excise Duty rate
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