Is it correct excise duty charge on freight charges.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2012 Dear Sir/Madam

we have recd purchase invoice,in that include
material value 1,00,000/- add Freight 8000/- and then Excise charged @ 5% on 1,08,000/-.
is it correct.
or excise charged on 1,00,000/-

Pls advice me

Thanx & Regds
Ajit Bidwai

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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25 January 2012 Excise duty will be charge on transaction value. You can't charge excise duty on freight.

more information:

http://www.legalserviceindia.com/~legalser/articles/edt.htm

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