how we give account treatment to Rate difference Debit/credit note in excise
Rate difference debit/credit note treatment in excise
Lakhpati Patil (ICWA Final) (57 Points)
30 July 2012
Lakhpati Patil (ICWA Final) (57 Points)
30 July 2012how we give account treatment to Rate difference Debit/credit note in excise
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 31 July 2012
once the assasable value is declared on invoice, no adjustment is possible under excise rules. rather if department traces that the value is more than the assable value declared on invoice, can can be booked for misdeclaration and evasion.
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