Please provide me details...how much excise applicable on manufacturing of Namkeen(Aloo Bhujia,Mixture,Kurkurre) and Biscuits. lets says under Brand name Shyam Namkeens.
Please tell me about the Excise Turnover Limits.
4 Replies
Ritu Sedwal
(Chartered Accountant)
(407 Points)
Replied 04 August 2011
Prateek in my opinion Exise Duty will be calaulated on transaction value based on MRP on such product u/s4A...as it is a retail pack if it satisfies 2 condition laid down u/s 4A:
1) Required by Standard Weight & Measurement Act(SWMA)
2) If it notified by the Central Government
Now Transaction value wil be MRP less % notified by CG
That will be the Assessable Value on which ED will be levied @ 14% + 3% +2%
Now lets c the other members agrees with me or not.
Tanvi
(Practising CA)
(223 Points)
Replied 04 August 2011
Tanvi
(Practising CA)
(223 Points)
Replied 04 August 2011
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