Excise Duty Rate

Tarun (Engineer) (49 Points)

04 March 2008  

I have 6nos of assemblies are ready with me on 29th Feb. Now my customer gives me a clearance of dispatch on 1st March. Now my question is at what rate of ED I have to dispatch the material i.e. @ 14% or @ 16%?

I have taken Raw Material credit @ 16% which is used to manufacture this assemblies, weather this came in to picture or not?

Tarun T Patel