Dear all,
I have a quary regarding showing discount on exciseable sale invoice of a manufactured which product have no standard price.Is there any issue "Excise rule "point of view.
8 Replies
Harpreet
(* * * * * *)
(1670 Points)
Replied 03 June 2011
There should be no problem to show discount
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 03 June 2011
| Originally posted by : Harpreet | ||
 |
There should be no problem to show discount |
 |
Agreed.
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 03 June 2011
It seems your product is coming under Section 4 of the CE Act i.e Transaction value. Hence there is no problem in showing the trade discount, cash discount in the excise invoice. These are all eligible discounts for arriving at the assessable value of the product.
rengaraj .r.k
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 03 June 2011
all such discounts should be done before assesable value, as after assessable value, the duty liability is fixed and thereafter if any discount is allowed, duty can not be reduced.
soni chauhan
(Service)
(670 Points)
Replied 04 June 2011
thanks to all..........for replying............
Aashish Padol
(EXCISE EXECUTIVE)
(206 Points)
Replied 07 June 2011
| Originally posted by : U S Sharma | ||
|
all such discounts should be done before assesable value, as after assessable value, the duty liability is fixed and thereafter if any discount is allowed, duty can not be reduced. |
|
i agree with Sharmaji
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