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How to calculate basic price, whether excise duty is 14.42, cess 2%,education tax 1%

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How to calculate basic price, whether excise duty is 14.42, cess 2%,education tax 1%..

Answer / jaya sankar kumar

Excise duty applies as per ur product applicable rate may be 10 or 12 or 6 depends
Education cess @ 2%
Secondary & Higher Education Cess @ 1%
Education cess & Secondary & Higher Education Cess will be charged on Excise duty amount.

For Eg if u r in 10% excise rate
if u produced Rs. 10000 value goods
ur Excise 10000*10% = 1000
Secondary & Higher Education Cess = 1000*1% = 10
Education cess = 1000*2% = 20
Product value = 10000+1000+10+20 = 11030

Is This Answer Correct ?    6 Yes 3 No

How to calculate basic price, whether excise duty is 14.42, cess 2%,education tax 1%..

Answer / tapan

The gross value is rs 100 so product value is central excise% edu cess higher educess
i/e if ce is 10% so 10.3=100,(100-10.3)89.7=?9product value)

Is This Answer Correct ?    0 Yes 0 No

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