Sample and free sample excise duty applicable

This query is : Resolved

Praveen kumar varma (Querist)
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15 July 2014 Dear All

Pls advice

we have sold goods sample or Free sample. excise duty applicable and if yes pls advice what is accounting Entry in Excise

Regards
Praveen

Arun Kumar Singh

Arun Kumar Singh (Expert)
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15 July 2014 Excise duty will be applicable on free sample supply.

Praveen kumar varma

Praveen kumar varma (Querist)
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15 July 2014 Thanks You

but advice what is accounting entry in the book

Regards
Praveen

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Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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18 July 2014 FOLLOWING ENTRY CAN BE PASSED IN YOUR ACCOUNT:-
FREE SAMPLING EXPENSES A/C DR. FOR Rs. 100/=
EXCISE DUTY PAID ON FREE SAMPLE A/C DR. FOR Rs. 12/=
TO STOCK OF FINISHED GOODS A/C FOR Rs. 112/=

THANKS
R.K. GARG
(M.COM. L.L.B.)
[CONSULTANT OF
CENTRAL EXCISE,CUSTOMS AND SERVICE TAX]
mail id rkg789@gmail.com