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
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
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Equity Share Sale and Purchase
- Additional trade name
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
