Excise credit

This query is : Resolved

Prabhat (Querist)
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29 July 2011 Suppose we a importer, import from outside from India and sale it in local and interstate sale, We have register in excise and prepare excise return.
our invoices is prepared by the below way. Is it right? And excise duty and ed.cess, sec.ed.cess, and additional duty charge according to Bill of Entry.
1 item rate amount
100kg 450/- 45000
excise 10%(accrding 2 BOE) 375
Ed.cess 2% 8
Sec.ed.cess 1% 4
Add. Duty 165
total 45,552
Cetral sales tax 2% ,911
Total invoice value 46463

The above excise duty is calculated according to BOE (3750/100*100, excise duty on BOE is 3750 and imported item 1000 kg).And after sale of 1000kg, inward excise duty will equal with the excise duty what shown in Bill of Entry, My query,Is it right or not? Is it right how and if no where is mistake?

U S Sharma

U S Sharma (Expert)
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05 August 2011 you have to show total price 45552 as value, and then pass on 375/- + EC=S&HEC ,

There is column for duty @ unit fill that column properly.

no need to make breakups so much in dealer invoice, except the last column where the import details are mentioned.