becker cma

Limited Period Offer Avail 20% discount in all subjects CA,CS and CMA,Coupon- OFFER20 Call: 088803-20003

CA Final Online Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


This query is : Resolved 

Say a product is removed to the depot for sale. Its removed at a valuation of Rs 100.

By the time is sold from the depot, its Rs 90. How do we adjust the excess excise?

Also, secondly, what if the invoice is issued, and rates are re-negotiated after sale?

Thank You.

You have to pay the excise duty on differential amount of Rs.10/-.

If the price is negotiated after sale, then excise is to be paid on differential amount by issuing the supplimentary invoice.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Trending Tags

Do you have any Tax Queries