A cement product which MRP value is Rs. 280. Now how it
calculate the Basic Excise on MRP or my Selliing value from
factory?
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Answer / ca.niranjan.m.n
For cement specific rates of excise duty is applicable.
B. CEMENT
Consequent to enhancement of the standard rate of duty from
8% to 10%, the specific rates of duty on cement and cement
clinker is also being revised upwards as follows:
Mini cement plant:
Cement Present rate Proposed rate
1. Cleared in packaged form,-
(i). of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800; Rs.185 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag or of per tonne equivalent retail sale price
exceeding Rs. 3800; Rs.315 per tonne
2. Cleared other than in packaged form Rs.215 per tonne
Other than mini cement plant:
Cement Present rate Proposed rate
1. Cleared in packaged form,-
i) of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800;
Rs.290 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag of per tonne equivalent retail sale price
exceeding Rs. 3800 10% of retail sale price
2. Cleared other than in packaged form 10% or Rs.290 per
tonne, whichever is higher
| Is This Answer Correct ? | 7 Yes | 6 No |
Answer / syed
MRP= Rs. 280.00
EXCISE CALCULATION
CESS @ 10% Rs. 28.00
EDCESS @ 2% ON CESS= 0.56
HECESS @ 1% ON CESS =0.28
TOTAL EXCISE VALUE: 28.84
TOTAL VALUE OF CEMENT= 308.84
| Is This Answer Correct ? | 29 Yes | 43 No |
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