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A cement product which MRP value is Rs. 280. Now how it
calculate the Basic Excise on MRP or my Selliing value from
factory?

Answers were Sorted based on User's Feedback



A cement product which MRP value is Rs. 280. Now how it calculate the Basic Excise on MRP or my Se..

Answer / ca.niranjan.m.n

For cement specific rates of excise duty is applicable.

B. CEMENT

Consequent to enhancement of the standard rate of duty from
8% to 10%, the specific rates of duty on cement and cement
clinker is also being revised upwards as follows:

Mini cement plant:

Cement Present rate Proposed rate
1. Cleared in packaged form,-
(i). of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800; Rs.185 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag or of per tonne equivalent retail sale price
exceeding Rs. 3800; Rs.315 per tonne
2. Cleared other than in packaged form Rs.215 per tonne


Other than mini cement plant:

Cement Present rate Proposed rate
1. Cleared in packaged form,-
i) of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800;

Rs.290 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag of per tonne equivalent retail sale price
exceeding Rs. 3800 10% of retail sale price
2. Cleared other than in packaged form 10% or Rs.290 per
tonne, whichever is higher

Is This Answer Correct ?    7 Yes 6 No

A cement product which MRP value is Rs. 280. Now how it calculate the Basic Excise on MRP or my Se..

Answer / syed

MRP= Rs. 280.00
EXCISE CALCULATION

CESS @ 10% Rs. 28.00
EDCESS @ 2% ON CESS= 0.56
HECESS @ 1% ON CESS =0.28

TOTAL EXCISE VALUE: 28.84
TOTAL VALUE OF CEMENT= 308.84

Is This Answer Correct ?    29 Yes 43 No

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