Excise query
This query is : Resolved
Saurabh Srivastav
(Querist)
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.
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
(Querist)
07 December 2012
now the revised rate is 370
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