Dear All,
How to calculate the excise duty and special additional duty in the following scenario.
Basic Price of Material is 2500
Excise Duty is 8% on Assesable value (1500*8%) 120 Assesable Value is 1500 in this case
Cess on Excise Duty 2% 2.4
Secondary Higher E. Cess on Excise Duty 1% 1.2
Special Additional Duty is 4% on ( Assesable -
value + Excise Duty + Cess + SHE.Cess
1500 + 120 + 2.4 + 1.2 *4% 64.94
Please tell me how to caliculate 8% on 1500
and Special Additional Duty as per above mentioned calculation
Please tell me how to resolve this issue
Thanks n regards
Siri