L KANAGARAJ (Assistant Manager-Finance) (615 Points)
13 February 2009Sirs,
If we raise supplementry Invoice on 13.02.09 for the month of Oct.'08 to Jan'09, What % we have to charge as Excise Duty.
Because Somebody told that for the month of Oct.'08 to 07.01.09 the Excise rate is 14%
for the balnce period i.e. from 08.01.09 to 31.01.09 the Excise duty rate is 10% , whether is it correct?
OR we have to charge 10% Excise Duty for the Whole supplementry Invoice.
Kindly explain me.
| Originally posted by :L KANAGARAJ | ||
| " | Sirs, If we raise supplementry Invoice on 13.02.09 for the month of Oct.'08 to Jan'09, What % we have to charge as Excise Duty. Because Somebody told that for the month of Oct.'08 to 07.01.09 the Excise rate is 14% for the balnce period i.e. from 08.01.09 to 31.01.09 the Excise duty rate is 10% , whether is it correct? OR we have to charge 10% Excise Duty for the Whole supplementry Invoice. Kindly explain me. |
" |
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 13 February 2009
14%. The rate of duty shall be rate in force at the time of removal of goods (Rule 5 of Central Excise Law), i.e. when the goods leave factory gate.
sanjeev
(govt. Emloyee)
(565 Points)
Replied 13 February 2009
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 14 February 2009
Ramniwas Yadav
(service)
(44 Points)
Replied 14 February 2009
| Originally posted by :Nirav Ashar | ||
| " |
First answer is right because at that time the rate of duty is 14%
|
" |
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