Interest & penalty on price revision

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pravin (Querist)
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05 April 2018 Dear Sir

Any liability of Interest on Supplementary Invoices, due to rate revision .
( Levy of interest on differential duty due to Price Revision )

RAJA P M

RAJA P M (Expert)
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05 April 2018 No.... But, Difference is exceeding as per 1st bill. Then you ll be calculate as per your transactions which month based...

pravin

pravin (Querist)
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06 April 2018 Sir,

Finished goods rate increase due to rate increase in raw material.
we have charged rate difference amount through supplymentry invoice, there is any liability of interest on duty charged.

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