CCI Online Coaching    |    x

Pass on duty in excise

This query is : Resolved 
 

(Querist)
07 March 2013

explain me concept of pass on excise duty in excise with example

Thanks in advance


RAMESH KUMAR VERMA (Expert)
07 March 2013

http://www.caclubindia.com/experts/complete-accounting-treatment-of-excise-with-entries-349240.asp#.UThwITf7crc



READ:

http://www.tallysolutions.com/website/CHM/TallyERP9/Excise_for_Manufacturers/Creating_Excise_Duty_Opening_Balance_in_Tally.ERP_9.htm

Rajeev Kumar Garg (Expert)
07 March 2013

As per Excise Rules, Excise duty is charged and paid on the manufactured goods by the manufacturer not on trading of the goods by the trader. When a trader or dealer purchase the goods from its manufacturer and pay the appropriate duty on that goods to manufacturer and want to transfer such duty to their buyer on their bill, then that trader or dealer gets registration from excise department as a “first stage dealer” or “second stage dealer”. Thereafter, they can issue an invoice by which, they can pass on (transfer) the duty to its end user or purchaser.

Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402



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


Click here to login now



Similar Resolved Queries :






close x