TaxTMI 
TaxTMI 
Dear All,
I have some confusion for calculating the amount of Excise Payable. So, I want to know that How we can calculate of payment of Excise Duty. Is we can set-off it with input of cenvat.
Regard
Vikram
payment of excise duty
10 Feb 2014 
1 Reply 
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CENVAT credit set-off reduces excise duty payable once value is determined under central excise valuation rules.
Calculation of excise payable requires determination of value under the Central Excise (Determination of Value) Rules, 2000 and application of the excise rate on that value; the resulting excise liability is then reduced by CENVAT credit availed on inputs and input services, and the balance is payable as excise duty. (AI Summary)
Calculation of excise payable requires determination of value under the Central Excise (Determination of Value) Rules, 2000 and application of the excise rate on that value; the resulting excise liability is then reduced by CENVAT credit availed on inputs and input services, and the balance is payable as excise duty. (AI Summary)