20 June 2011
We send our product through “Branch Transfer” to various States. Previously our product is not excisable. So we give Form “F”on “Net Realisable” price. But from 13th. March’11 our product is excisable. So we pay Excise Duty when our product despatch from the Factory Gate. When we Sale we recover the Excise amount from the dealers. My Question is in what price we will issue Form “F” whether it is inclusive or Exclusive of Excise Duty.
21 June 2011
Mr.Pradhan, Price is always inclusive of excise duty. In "F' form you should show the price including the Excise Duty paid at your factory gate. MJK
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