Applicability of ed on customer advance received

This query is : Resolved

Mahesh.G (Querist)
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25 March 2013 Dear Sir/Madam,

If advance received from customer, whether attract any excise Duty on Advance received value? Kindly clarify.

Thanks & Regards,
Mahesh.G
Mysore

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 April 2013 NO........

after import export within 1 year submit the Ebrc in concerned DEPARTMENT irrespective of any duty.

Mahesh.G

Mahesh.G (Querist)
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17 April 2013 Dear Sir,

Thanks for reply...!

But my querry was that applicablity of Excise Duty on value of advance received from coustomer to suplly exciseable goods in future.

Thanks & Regards,
Mahesh.G
Mysore

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 May 2013 NO........

after import export within 1 year submit the Ebrc in concerned DEPARTMENT irrespective of any duty.