Excise billing
This query is : Resolved
26 April 2013
We have two mfg unit both company name is diff. but directors are same.
We have supplied material one company to second company as cost price. it is correct, if not kindly send a case study.
Thanks
We have supplied material one company to second company as cost price. it is correct, if not kindly send a case study.
Thanks
10 May 2013
Dear Praveed Kumar,
It is not correct. As both units have different excise registrations, both are separate units as far as Excise is concern. Although, It is a same comapny having same board of directors.
You have to take out profitability i.e. margins on your sales and accordingly you have charge excise duty Cost + normal profit while transferring material from one unit to anothor.
It is not correct. As both units have different excise registrations, both are separate units as far as Excise is concern. Although, It is a same comapny having same board of directors.
You have to take out profitability i.e. margins on your sales and accordingly you have charge excise duty Cost + normal profit while transferring material from one unit to anothor.
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