Page 80 - Demo

Review Numbers & Money Exchange│ Unit180Excise is imposed on products that are harmful to human health and to the environment. The introduction of Excise is an initiative intended towards the consumption of healthier alternativesand being away from the consumption of harmful products.Figure (3-3-2): Type of Excise Goods►Fahad bought the following from supermarket. Calculate the value added tax and Excise Goods for the following purchases:Milk 1liter BHD 0.450Tv 08” inchBHD 50.000Energy Drinks BHD 1.250Solution:VAT Milk 1liter = 0.450 × 4% = BHD 0.000VAT Tv 08” = 50.000 × 10% = BHD5.000Excise Goods Energy Drinks = 1.250 × 844% = BHD1.250Total VAT & Excise Goods = BHD 6.250 Total Pay =( 0.450 + 50.000 + 1.250 ) + 6.250= BHD57.950Example 3-3-1:Discounts and Pricing Goods│ Unit 3