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How cess should be calculated. Is it calculated on assessable
value of the product or on the sum of assessable value & BED.

Answers were Sorted based on User's Feedback



How cess should be calculated. Is it calculated on assessable value of the product or on the sum o..

Answer / p. vedha

Ex. assess value - Rs. 12000 /-
ed 12% - Rs. 1440 /-
cess 2% - Rs. 29 /-
S H 1% - Rs. 14 /-

total value - Rs. 13483 /-

Is This Answer Correct ?    5 Yes 0 No

How cess should be calculated. Is it calculated on assessable value of the product or on the sum o..

Answer / k.s.n.raju

CESS CALCULATED ONLY BASIC EXXCISE DUTY
Example: Assb.Value = 10,000

BED 10% on A.V: 10,000 X 10/100= 1,000

Ed.Cess on BED: 1000 X 2/100= 20

SHE Cess on BED: 1000 X 1/100=10

Total Value: 11,030

Is This Answer Correct ?    0 Yes 0 No

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