Excise duty is charged on production. it is after that, that the VAT is ch

When Selling a goods to a party Excise Duty chargable on
VAT or not.

Question Posted / paras agrahari

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Answer Posted / paras agrahari

Excise duty is charged on production.
it is after that, that the VAT is charged on the aggregate
of Assessable value and Excise Duty.
It can be understood as follows:-

COST
+PROFIT
-------------
ASSESSABLE VALUE
+EXCISE DUTY
--------------
AMOUNT BEFORE SALES TAX
+VAT
-------------
SELLING PRICE
-------------

I hope it will help you.
Regards
Harish

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