calculate 'gross value added at factor cost' from the following data:

1. sales tax = (20)

2. sales =(400)

3. purchase of raw material =(250)

4. excise duty =(30)

5. change in stocks =(-40)

6. import of raw material = (12)

7. depreciation = (9)

GVAFC= Sales + Change in Stock - Intermediate Consumption - Net Indirect Taxes

 = 400 + (-40) - 250 - (20 + 30)

 = Rs 60

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