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Wabash and Ohio Valley Special Education District P.O. Box 320, 800 South Division Street, Norris City, IL 62869 Phone (618) 3782131 Fax (618) 3783153 Daniel Allen, Director The Executive Board of
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WOVSED stands for Weighted Average Value of Sales for Excise Duty. It is a calculation used to determine the average value of goods subject to excise duty.
Manufacturers and importers of goods subject to excise duty are required to file WOVSED.
WOVSED is calculated by dividing the total value of sales subject to excise duty by the total quantity of goods sold. This information is then reported to the relevant tax authorities.
The purpose of WOVSED is to ensure that excise duties are calculated accurately based on the average value of goods sold.
Information on the total value of sales subject to excise duty and the total quantity of goods sold must be reported on WOVSED.
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