Excise query

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Saurabh Srivastav (Querist)
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07 December 2012 Hi,

We are trade dealer and dealing with import the material and pass the import duty to our seller.

FYI

I have purchase the material on the rate of Rs 390 and paid duty now we were requesting to our purchaser to whom we purchase the material, pl revised the rate as ur rate is so high, he is agreed and asked to issue debit note for difference for Rs 6 * qty.

My question is what is the impact on excise duty entry in the books as we already paid excess duty or earlier rate and now they are ready to release the excess rate charged earlier in purchase bills

Pl help.

Saurabh Srivastav

Saurabh Srivastav (Querist)
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07 December 2012 now the revised rate is 370

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