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.
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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)
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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%
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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
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31 May 2014
Pls suggest any courses of Excise And Custom Related with theory and practicle . institute name or any private consultant
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