Pla excise duty

Bharti (Accountant) (36 Points)

14 October 2011

Dear Sir

How to calcaulate PLA excise duty for Manufacturer unit , please explain with example

also give information what type of deduction or exemption adjusted during duty payment

Thanks & Regards

bharati shahani [m.com]

employee

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Sumit Grover (Chartered Accountant ) (3652 Points)
Replied 14 October 2011

Let us take the common example.......

Excise duty paid on:

Input(raw material ) purchased---1000

Capital goods purchased ---1000

Now, on clearance of final goods, the excise duty liability comes to Rs. 10000

So..amount through PLA will be as follows:

Excise duty payable ----10000

(-) CENVAT credit

--- Input @ 100% ----(1000)

---Capital goods @ 50% ----(500)

amount payable through PLA 8500

Note: Also, CENVAT credit of various services can be taken in accordance with CCR rules,2004...

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