New Rate of Excise U/R 6, in place of 10%

Ramniwas Yadav (service) (44 Points)

16 December 2008  
Manufacturing of exempted goods there is three options for reversing the duty, which are as below: 1. Seprate input account for exempted and excisable items 2. Reversed amount should be calculate by a defined formula 3. and debiting the 10% of exempted goods value after issuing of Notn No. 58/2008 Excise duty is reduced from 14% to 10% than what will be new rate for the above third (3) point.