Freight
This query is : Resolved
08 May 2013
In Manufacturing Excise Invoice should we charge freight with include excise or not
09 May 2013
You can charge separately and including also.
Message likes :
1 times
10 May 2013
Freight should be charged after the Excise Duty.
11 May 2013
If goods are sold at factory gate and freight is charged extra for delivery the goods at consignee address, freight will be charged separately after charging excise duty and sales tax.
If the assessee and the buyer are not related persons and the price is also the sole consideration for sale but only the delivery of goods is made by the assessee at a place other than the factory/warehouse, then the assessable value shall be the "transaction value" without the addition of the cost of transportation from the factory/warehouse upto the place of delivery. However, exclusion of cost of transportation is allowed only if the assessee has shown them separately in the invoice and the exclusion is permissible only for the actual cost so charged from his buyers. If the assessee has a system of pricing and sale at uniform prices inclusive of equated freight for delivery at factory gate or elsewhere, no deductions for freight element will be permissible.
THANKS.
Please click on "Thank User", if you are satisfied with my reply.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
If the assessee and the buyer are not related persons and the price is also the sole consideration for sale but only the delivery of goods is made by the assessee at a place other than the factory/warehouse, then the assessable value shall be the "transaction value" without the addition of the cost of transportation from the factory/warehouse upto the place of delivery. However, exclusion of cost of transportation is allowed only if the assessee has shown them separately in the invoice and the exclusion is permissible only for the actual cost so charged from his buyers. If the assessee has a system of pricing and sale at uniform prices inclusive of equated freight for delivery at factory gate or elsewhere, no deductions for freight element will be permissible.
THANKS.
Please click on "Thank User", if you are satisfied with my reply.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Message likes :
2 times
05 August 2013
Thank to all
28 May 2014
Pls suggest about , I Import raw material for Manufacturing the finished goods.
I have bill of entry
Can i take cenvat credit .
Pls.explain with breif.
I have bill of entry
Can i take cenvat credit .
Pls.explain with breif.
29 May 2014
Yes you can avail cenvat credit of
CVD - 12 %
Addl Duty 4%
CVD - 12 %
Addl Duty 4%
Message likes :
1 times
29 May 2014
Thank you ajay ji.
what about 2% and 1%. there is any notification for availment of cenvat credit.
what about 2% and 1%. there is any notification for availment of cenvat credit.
30 May 2014
See notification no Notification No.13/2012 -Cus and 14/2012-Cus
Exempt education cess collected as a part of CVD
Exempt education cess collected as a part of CVD
Message likes :
1 times
31 May 2014
Pls suggest any courses of Excise And Custom Related with theory and practicle . institute name or any private consultant
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
