applicability of excise duty
This query is : Resolved
05 March 2009
Sir,
purchases were made before 24.02.2009, invoice was raised before 24.02.2009,but invoice was processed now.
at what rate the excise duty will be applicable.
is it deffered invoice was raised after 24.02.2009,but supplies were made before 24.02.2009
pl clarify
thanking you
yours faithfully
G ramesh babu
purchases were made before 24.02.2009, invoice was raised before 24.02.2009,but invoice was processed now.
at what rate the excise duty will be applicable.
is it deffered invoice was raised after 24.02.2009,but supplies were made before 24.02.2009
pl clarify
thanking you
yours faithfully
G ramesh babu
05 March 2009
Earlier rate- 10%
07 March 2009
The rate which is prevailing at the time of removal of goods from the factory is taken as final for payment of excise duty. Raising of invoice is just the accounting of the transaction.
Thus as stated above rate would be 10%.
regards
Thus as stated above rate would be 10%.
regards
07 March 2009
Thanking you for providing valuable information.
yours faithfully
G Ramesh babu
yours faithfully
G Ramesh babu
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