Doubts in excise

annmary (CA) (84 Points)

23 January 2013  

Hi All, Please help me with my doubts.Caclubindia is the only way to solve my doubts sad.Kindly help me friends.

Q1)How do we value under setion 4A of Central Excise Act, when different retail prices are declared on different packages for the sale of an excisable good in packaged form in different areas? For Eg: MRP on a packet of bread is as follows: Within Mumbai and Virar- Rs17 and Outside Mumbai-Rs20. Which MRP will be taken for valuation purose?

 

Q2) If a product is capable of selling loosely,which section for valation will apply provided the other conditions for section 4A is met? Section 4 or Section 4A?

Q3)This is related to SSI exemption under excise.

     Total T/o of Z& Co is 600 Lakhs. It Includes:

     (i)T/O of goods manufactured & removed vide notification 84   Rs75 Lacs

     (ii)T/O of goods to Srilanka                                                               Rs125Lacs

     (iii)T/O of Non -Excisable goods                                                      Rs125Lacs

If in the P.Y Z&Co's T/O was more than 400 Lacs,Then how much is the liability in the C.Y?

Is It 600-325=275 *12.36% OR 600 *12.36% ?

 

Kindly reply friends.

Thanks and Regards

Annmary