Answer Posted / ameet narayankhedkar

Here is an example of calculation of excise duty. If you
understand...well n good..

Assuming the product X has the following value and
chargeable to following duties:-

(i)

Value of goods under section 14 of Customs Act, 1962 =
Rs.100/-

(ii)

Basic Customs Duty = 35%

(iii)

Surcharge = 10%

(iv)

Additional Duty = 16%

(v)

Special Additional Duty = 4%





The calculation of duty leviable on the goods produced or
manufactured by EOUs/EPZ/STP/EHTP units and cleared into DTA
as per specified paragraphs of the Exim Policy would be as
follows:-

Method of calculation of duty:

On assessable value of Rs.100/-, the goods would be leviable
to,-

Basic Customs Duty @ 35%

= Rs.35.0/-





Surcharge @ 10%

= Rs.3.5/-





Total Basic duty + Surcharge

= Rs.35.0 + Rs.3.5/-



= Rs.38.5/-

Value for the purpose of calculation of Additional Duty
under section 3 of CTA, 1975



= Rs.100/- + Rs.38.5/-

= Rs.138.5/-





Additional Duty of Customs

= 16% of Rs.138.5/-



= Rs.22.160/-

Value for the purpose of calculation of

Special Additional Duty under Section 3A

of CTA, 1975





= Rs.100/- + Rs.38.5/- + Rs.22.160/-



= Rs.160.660/-





Special Additional Duty

= 4% of 160.660/-



= Rs.6.426/-





Total duty payable

= Rs.35.0 + 3.5 + 22.160 + 6.426/-



= Rs.67.086/-





Duty required to be paid = 50% of 67.086

= Rs.33.543/-





(Read with notification No.2/95-CE, dated 4-1-1995 as
amended)

The amount of duty so calculated above to be payable by the
EOUs/EPZ/STP/EHTP units would be subject to the condition
that such duty shall not be less than the duty of excise
leviable on the like goods produced or manufactured by units
in DTA.

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