27 January 2014
sir, If a product is covered under section 4a of excise( MRP based valuation) and the company is not declaring MRP on the product and charging excise duty on the basis of transaction value, so is it correct.
29 January 2014
thanks sir, if a product MRP is 400 and there is 30% abatment, so Excise duty will be calculated on ( 400- 30%). which is 280, but party is selling actualy at 290. So cst will be calculated at 290 MY Question is that what should be the invoice total at the end should it be 290+CST or 290+excise duty + CST. Advice required