3 Replies
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 16 November 2011
You can calculate discount for your basic price.
For example.
Basic price - 100
discount - 10
after dicount-90
cal Excise for 90 is 9.00 (excise 10%)
for this method u can save 10% of your discount amount. because excise is not l;evy for discount
satya
(Executive Excise)
(1839 Points)
Replied 16 November 2011
I agree with u sir, it is general procedure in everywhere, but in this case , our Buyer is calculatiing after payment of Excise duty, (ex:100+10.3=110.3 - disc) he is giving discount , thats why I am asking is there any procedure/calc , without disturbing excise amount , to get BASIC PRICE.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 18 November 2011
the discount is offered to you eiother cash discount or quantity discount
so the Excise duty would be chargable on MRP
reduce the discount direct from the basic price
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