14 October 2014
Dear All, I require clarity on this transaction as to what rate should be considered for excise,
Order Date 25-jan-2014,MRP on order date - 250 Invoice date 30-jan-2014, MRP on invoice date - 300 On what price should the excise be calculated 250 or 300. (MRP product, 30% abatement) Thank you.
16 October 2014
Sir what if the price in the invoice is 250 (material sold for price as on order date), even in that case should the excise duty be on 250 or 300.
CAclubindia
