Price reduction for post clearance under excise and vat
This query is : Resolved
30 April 2013
we are manufacture of die casting components. sold components to our customers, on cost of rs.100 each with excise duty and VAT.
suddenly the Raw material cost been reduced from 100 to 80 rs. after clearance. customer sent a debit to us. 20 rs.with excise duty and vat.
in that case how can we treat this.
can we apply it for Refund.like excess payment on sales.
2. can we take recredit.the excess credit
please suggect.
please give clarificaiton about his issue
we are manufacture of die casting components. sold components to our customers, on cost of rs.100 each with excise duty and VAT.
suddenly the Raw material cost been reduced from 100 to 80 rs. after clearance. customer sent a debit to us. 20 rs.with excise duty and vat.
in that case how can we treat this.
can we apply it for Refund.like excess payment on sales.
2. can we take recredit.the excess credit
please suggect.
please give clarificaiton about his issue
04 May 2013
You will pay the duty at the rate of Rs. 100/- not to pay the duty on Rs. 80/-. At the time of goods have been cleared from the factory assessable value was 100.
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 Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Dep. as per companies act
- UDIN ISSUE
- Change Of Karta In Case of Death
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
