Central excise act

Payal K (CA FINAL) (188 Points)

10 February 2010  

I would like to know

1.  Rule 9&10 of the Central Excise Act  where if a manufacturer sell goods at Rs.15 to outside party and to related party at Rs.30 and if the related  sell the goods to outsider at Rs.40 so on what amount to charge Excise Rs.30 or Rs.40.
 
2. Provisional Assessment- We pay Prov. Assessment Excise duty and if it is in excess , If we do not deal with the customer any more what would be the treatment excess in terms of accounting ,should we return the excess taken from customer in cash.