Excise on freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2014
A Ltd. Co. makes sales of excisable goods to another company. Freight on dispatch is paid by selling
company. In consideration, another company reimburse selling company towards freight on
fixed rate basis as decided in agreement for example Rs. 4 per kg.
Query is whether excise duty would also be levied on aforesaid Rs. 4 per kg in addition to sale value.
company. In consideration, another company reimburse selling company towards freight on
fixed rate basis as decided in agreement for example Rs. 4 per kg.
Query is whether excise duty would also be levied on aforesaid Rs. 4 per kg in addition to sale value.
Arun Kumar Singh
(Expert)
24 June 2014
If value of freight will be includes in the assessable value then seller can take the cenvat credit on service tax paid on freight. If freight is exclude then no need to pay excise duty.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- ETDS return q4 25-26
- Import Order Cancelled.
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
