Excise on freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2014
A Ltd. Co. makes sales of excisable goods to another company. Freight on dispatch is paid by selling
company. In consideration, another company reimburse selling company towards freight on
fixed rate basis as decided in agreement for example Rs. 4 per kg.
Query is whether excise duty would also be levied on aforesaid Rs. 4 per kg in addition to sale value.
company. In consideration, another company reimburse selling company towards freight on
fixed rate basis as decided in agreement for example Rs. 4 per kg.
Query is whether excise duty would also be levied on aforesaid Rs. 4 per kg in addition to sale value.
24 June 2014
If value of freight will be includes in the assessable value then seller can take the cenvat credit on service tax paid on freight. If freight is exclude then no need to pay excise duty.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
