Excise duty on export sale
This query is : Resolved
Rajni Kant
(Querist)
05 August 2013
We have to export in US a machine [Product by our Clint] @100 Doller. and we have received full advance payment. which INR is Rs. 5700/- Now my question is that what amount we have to show in our sale invoice 5700/- or 6000/- [As per current exchange rate] and excise duty 12.36% will be calculate on 5700/- or 6000/- and the party has paid the amount in advance rs. 5700/- so they will not pay 12.36% extra. So please help
Arun Kumar Singh
(Expert)
05 August 2013
You should prepared the invoice of Rs. 5700/- and duty will be calculated same value.
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