12 September 2012
THE EXCISE DUTY TO BE SHOWN DEDUCTED FROM SALES IS ONLY THE DUTY PAYABLE ON SALES OR THE DUTY ACTUALY PAID AFTER TAKING THE CENVAT CREDIT ?
12 September 2012
It is the Duty payable on sales.
Eg. Sale of Products:-(Gross) Faridabad Local Sale 13.125% Faridabad Central Sale 13.125% Faridabad Export Excise Duty Sale of Services Other Operating Revenues Less: Excise Duty ( Payable on Sales )