Excise duty on royalty.
This query is : Resolved
15 May 2012
Dear sirs,
we have received a notice from deptt to pay excise duty on royalty paid to state govt on extraction of coal.Is this correct? Royalty is includible in assessble value or not? Please resolve it.
we have received a notice from deptt to pay excise duty on royalty paid to state govt on extraction of coal.Is this correct? Royalty is includible in assessble value or not? Please resolve it.
16 May 2012
if you are considering this expenses to your cost and your assessable value is including this expesnes than dept. is right
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