Divyasom Malhan (Assistant Manager) (80 Points)
29 May 2008Does anybody have any idea about some goods on which excise duty is charged according to a tariff.... can you also explain what the procedure is? and is there any good on which excise tax is charged based on length or weight?
sudhamsh
(semi qualified cost accountant)
(27 Points)
Replied 29 May 2008
presently tariff value is fixed for pan masala packed in ratail packs of less than 10gms/pack and tariff value for ready made garments has been prescribed as 60% of their retail price and etc.
And specific duty is payable on the basis of certain unit of weight or measure
presently this method is applicable to the following:-
cigarettes (length basis)
matches (per 100 boxes)
sugar (per quintal basis)
marble slabs and tiles (per square meter basis)
cement clinkers (per tonne basis)
molases (per quintal basis)
colour television when mrp is not marked on the package or when mrp is not the sole consideration for sale (based on screen size)
sudhamsh
(semi qualified cost accountant)
(27 Points)
Replied 30 May 2008
It's ok
bye the way i am sudhamsh from hyd doing icwai(final)
hope that i have cleared ur doubt
bye
CAclubindia
