Pass on duty in excise

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nitin

nitin (Querist)

07 March 2013 explain me concept of pass on excise duty in excise with example

Thanks in advance

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

07 March 2013 https://www.caclubindia.com/experts/complete-accounting-treatment-of-excise-with-entries-349240.asp#.UThwITf7crc

READ:

https://www.tallysolutions.com/website/CHM/TallyERP9/Excise_for_Manufacturers/Creating_Excise_Duty_Opening_Balance_in_Tally.ERP_9.htm

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)

07 March 2013 As per Excise Rules, Excise duty is charged and paid on the manufactured goods by the manufacturer not on trading of the goods by the trader. When a trader or dealer purchase the goods from its manufacturer and pay the appropriate duty on that goods to manufacturer and want to transfer such duty to their buyer on their bill, then that trader or dealer gets registration from excise department as a “first stage dealer” or “second stage dealer”. Thereafter, they can issue an invoice by which, they can pass on (transfer) the duty to its end user or purchaser.

Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402

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