Freight

This query is : Resolved 

09 August 2011

can i calculate excise duty on freight ? plz explain.

2) how calculate advance tax?

09 August 2011 when the point of clearance is factory gate, then no excise is payable at freight, i.e either freight paid is charged in addition to invoice value or freight to pay basis booked.

but if the point of clearance is other than factory gate, i.e depot or some other place then the freight upto the point of clearance is to be added in the assessable value.



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