excise on footwear

RAVI KUMAR GATIGANTI (sr mgr) (32 Points)

07 December 2010

please let me know the current rate of duty for Footwear under section 4 and not 4a

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CA Ankur Mittal (Assistant Manager @ Reliance Communication) (759 Points)
Replied 07 December 2010

price 0- 249 excise Duty nil

price 250 to 749 excise duty 4 %

price 750 above excise duty 10%

hope you are clear with how duty is charged..examine a sales invoice carefully..u will understand

further excise duty will be caclulated on 65% of mrp if product price is below 750

and 60% on mrp if price is above 750

for example price Rs 800 excise duty rate appicable will be 10% but on 60% of 800

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 07 December 2010

transaction value to be taken

for different types of footwear and their duty please refer

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