applicability of excise duty

This query is : Resolved

RAMESH BABU (Querist)
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05 March 2009 Sir,

purchases were made before 24.02.2009, invoice was raised before 24.02.2009,but invoice was processed now.

at what rate the excise duty will be applicable.

is it deffered invoice was raised after 24.02.2009,but supplies were made before 24.02.2009

pl clarify

thanking you

yours faithfully

G ramesh babu

Rajesh Kumar

Rajesh Kumar (Expert)
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05 March 2009 Earlier rate- 10%

Ankit Dawar

Ankit Dawar (Expert)
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07 March 2009 The rate which is prevailing at the time of removal of goods from the factory is taken as final for payment of excise duty. Raising of invoice is just the accounting of the transaction.

Thus as stated above rate would be 10%.

regards