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Thursday, April 11, 2013

Easy Formula for Calculation of Excise Duties


The Excise Duty can be calculated on Assessable value and on Duty Value. According to the Excise laws, see below the list of Excise duties with the method of calculation.


Type of Duty
Method of Calculation
Formula for Calculation
Basic Excise Duty
On Assessable Value
Assessable Value
Special Excise Duty
On Assessable Value
Assessable Value
Additional Duty of Excise (Goods of Special
Importance) AED (GSI)
On Assessable Value
Assessable Value
Additional Duty of Excise (Textile and Textile Articles)
AED (TTA)
On Duty Value
BED + SED
Additional Duty of Excise (Tea and Tea Waste)
AED (TTW)
On Duty Value
BED + SED
National Calamity Contingent Duty (NCCD)
On Duty Value
BED + SED + AED(GSI)
Countervailing Duty (CVD)  On Import)
On Assessable Value
Assessable Value OR Assessable Value + BED
Education Cess
On Duty Value
BED + SED + AED(GSI)+ AED(TTA) +AED(TTW) + NCCD + ADE + SAD
Secondary Education Cess (SED)
On Duty Value
BED + SED + AED(GSI) + AED(TTA) + AED(TTW) + NCCD + ADE + SAD
Education Cess on CVD
On Duty Value
CVD Value
Special Additional Excise Duty (SAD)
On Duty Value
BED + SED + AED(GSI) + AED(TTA) + AED(TTW) + NCCD + ADE
Additional Duty of Excise (ADE)
On Duty Value
BED + SED

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