Excise
pradeepdubey (Service) (31 Points)
12 June 2016
is transit insurance included for the determination of assessable value for excise duty where freight not paid by saller
Venkatanarayana GM
(Partner associate at Hiregange & Associates)
(1279 Points)
Replied 23 June 2016
It depends on the contract and delivery terms entered with customer and suppliers
If responsibility of delivering the goods by seller, and materials risk and rewards getting transfered at customers gate, then the same shall be subject to excise duty.
venkat @ hiregange.com
9620116162
CAclubindia
