Section 172: Amount of excise duty

1 Where excise duty is based on number of units, the amount of excise duty is the stated amount per unit multiplied by the quantity of units.

2 Where the excise duty is based on the value of the excisable goods, the amount of excise duty is a percentage of value determined by multiplying the value of the excisable goods by the excise duty rate.

3 For excisable goods produced in the customs territory, the value of excisable goods is determined on the basis of the compensation receivable by the duty payer from the customer or any other person excluding excise duty and value added tax, but not more than the ex-factory gate which is the value at which the product will ordinarily be sold at the factory gate which is exclusive of selling and distribution expenses, related charges and other non-production related expenses excise duty and value added tax and if the producer sells at both wholesale and the retail, the value used for excise duties purposes is the ex-factory price.

4 For imports, the amount of the dutiable transaction is the customs value of the goods, determined in accordance with customs law, but not less than the cost, insurance and freight invoice exclusive of other charges and levies excluding excise duty and value added tax, plus the amount of customs duties and other Customs duties payable on the import of the goods into the customs territory excluding excise duty and value added tax.

5 Except for returnable containers, the price of the container is included in determining the value of excisable goods.

6 The manufacture of excisable goods without a valid license is prohibited and a license is required to meet the conditions specified under the Part.