A company manufactured and sold 100 cars in the financial year 2018-19. The selling price of each car is ₹ 2,00,000. Excise duty and VAT are charged separately on the said car. Calculate the excise duty payable from the following information:
(i) The company purchased raw material for ` 8,00,00,000 on which basic excise duty of ` 1,00,00,000 was paid.
(ii) The company purchased capital goods worth ₹ 10,00,00,000 in this financial year which included basic excise duty of ₹ 1,20,00,000.
(ii) There is a basic excise duty of 12.5% on cars.
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the correct answer is option no 3
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yes option number 3 ok bro
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