12 March 2013
In present budget 2013 MRP based valuation for pharma - Ayurvedic product is applied with 35% abatement. For eg MRP Rs.100/- now valuation is Rs.100-35= 65/- per pack for excise clearance. In above case manufacturer " A" mfg at full rate by SSI unit at Rs.10/- (with MRP Rs.100/-) and same is given to "B" at Rs.10/-by manufacture "A", who sold at Rs.100/- by "B". Now at what rate "A" continue to invoice at Rs.10/- or Rs.65/- to "B" w.e.f 1.3.2013. or at what excise invoice is to be prepared at Rs.65/- or Rs.10/- Pls advice. Qerry : In Above case at what rate commercial Invoice is to be prepared and at What rate Excise invoice to be prepared ? Suhas ca.suhas.t@gmail.com
23 March 2013
Excise invoice will be raised at the price goods are sold and the ED leviable. In above case goods are sold to 'B' at Rs 10 and ED will be at 65 Rs @ 12.36% therefore ED will be 8 Rs approx. Excise Invoice will be of 10 + 8. In case there is any doubt send me a detailed mail of your query.
CAclubindia
