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Foc sale

This query is : Resolved 
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(Querist)
22 August 2011 can we bill FOC sale without Excise and VAT
waiting for the reply

Regards

sherly
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
23 August 2011 Excise does not depend on the consideration but on the value and therefore ED will have tobe paid. If there is no sale consideration then VAT need not be charged.

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