Excise duty on shortfall quantity

This query is : Resolved

Harismohan (Querist)
Follow

21 November 2012 Dear Sir
We are a manufacturer of Ready Mix Concrete. We are entered into a agreement with private parties for supplying the ready mix concrete. One such party not purchasing the the ready mix concrete upto the agreed quantity. As per agreement the shortfall quantity was calculated and billed to party. In that case actually quantity not supplied but the party accept to pay for shortfall quantity amount as per agreement. My Question is whether excise duty applicable for that shortfall quantity or not. One more question is at the time of agreement per quantity is Rs.4500 and billed the same. But later it is fixed for Rs. 5000. Party is accepting to pay the amount including already purchased quantity. Whether excise duty is applicable to already supplied quantity.
Please suggest me
Thanking You
S.Mohan

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

30 November 2012 Excise duty will be payable on the basis of invoice and quantity of goods supply by the assessee.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T.N.Reddy

Sreekumar J Pai

asmita gupta

Keshav Dubey

kambamcr@gmail.com

Subscribe Now

Excise duty on shortfall quantity

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Senior Executive

Accountant

GST CONSULTANT

CA Final

GST CONSULTANCY