Passing of Additional Duty

1718 views 4 replies

K Vinod Kumar

Manager-IT

43 Points Joined October 2008

Sir,

I need your advice on passing of Additional Duty(paid during import). I'm a manufacturer (central excise regd.). I procure my raw materials both locally and by imports. I also trade my raw materials. Kindly advice on the Invoicing procedures for trading of these raw materials. Can I pass the Addl. Duty to others? Do I have to show it in my Invoice separately? Kindly advice.

Regards

Vinod

Replies (4)

Rajeev Verma

Advocate & Consultant

30 Points Joined June 2009

Dear Mr Vinod,

Definitely You can pass on the AID(Additional Import Duty 4%) paid on your import. For this you will have to take registration under Central Excise as a DEALER.

Thanks

Rajeev Verma

Advocate & Consultant

Central Excise, Customs & Servcie Tax

Vaibhav Agrawal

58 Points Joined April 2009

Dear Mr Vinod,

I agree with Mr Rajeev, you can definitely pass AID to your buyers when you trade your raw material. However you if you are basically a mfr and regd as mfr with central excise, there is no need for excise trader registration.

Please remember you have to clearly show all details of your purchase bill/import bill of entry, along with seperate amount of excise duty, AID, and education cess on your invoice, which will be linked to the qty of your bill of entry.