On what amount of sale Excise Duty levied?

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Question Posted / vikasarora1979

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On what amount of sale Excise Duty levied?..

Answer / tej prakash

Well What I think that the value of Exice is not certain
however on every manufacture who doesn't comes under SSI
exemption rule will have to pay excie duty on the basis of
removal of goods on gross sale price of that goods
excluding all taxes on invoice.Thx

Pls correct me if i am worng.

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On what amount of sale Excise Duty levied?..

Answer / arunkumar n

What i Read as per the CEA is 1.5 crore & More if it is
manufacturing company

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On what amount of sale Excise Duty levied?..

Answer / suman

Mr.Tej Prakash,
You are correct. I thought Excise duties are levied at the time of removal on Cost of production. According to you Gross sale minus Taxes are including Profit also. I thought we need to correct our answer.

regards
Suman

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On what amount of sale Excise Duty levied?..

Answer / atul nema

Excise duty levieble on the cost of clearence at the time
of removal of goods.

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On what amount of sale Excise Duty levied?..

Answer / vikasarora1979

What I think is 2 crore & more. Pls correct me if i am
wrong. : )

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5 No

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