our company is IT Company. there are two branch - banglore and mumbai. we are transfer finished goods banglore to mumbai branch and as it is goods are sold mumbai parties
pls advice we are charge excise and mvat in mumbai party
08 October 2012
Excise duty is payable on removal of goods from Bangalore. The value would have to be calculated on COP+10% if the value of ultimate sale not known or comparable prices not available. If price known then at that value itslef would be preferable.
CAclubindia
