24 July 2009
asking through example. suppose MRP value 21500 less abatment 38% hence assable value RS 13020/ excise @14% i.e.1822.80 is taken correctly but due to system problem assable value is shown in invoice is 12800 add duty amount as above i.e. 1822.80 =14622.32 is recovered frm customer is as above.. is it proper treatment...? since duty amount is correct as per MRP rules but invoice price recovered from party is different .
in above case maximum cases are same..n concerned party is a related party...& actual sales value is some time lower & some time higher..is there any noncomplience of statute..?
CAclubindia
