TaxTMI 
TaxTMI 
payment of excise duty
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....ayment of excise duty<br> Query (Issue) Started By: - vikram singh Dated:- 10-2-2014 Last Reply Date:- 11-2-2014 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear All, I have some confusion fo....
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....r 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 Reply By Mritunjay Kumar....
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....: The Reply: Dear vikram, There is Excise valuation Rules for determination of value on which you will have to pay excise duty. After determination of value as per Central Excise(Determination of v....
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....alue) Rules, 2000, you have to pay excise duty at the rate of 12.36. The amount determined as per above rules will get deducted by the CENVAT credit you availed on the purchase of excisable raw mater....
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....ials and input service. The balance amount, you have to pay as Excise duty.<br> Discussion Forum - Knowledge Sharing ....