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Excise duty

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CA Anuj Mittal

Finance Manager

43 Points Posted on 26 July 2013

Dear all,

I have one question regarding this topic. that i have transfer some materials to our depot after payment of excise duty under MRP basis, now i have change the MRP at depot level due to increase in MRP prices, now i want to change the <RP thru labeling, so i have to pay the differential excise duty amount, i have the following doubt-

1. who will pay the differential excise duty- Factory/ Depot,

2. How we will justify to excise authority.

Regards

Anuj Kumare

Replies (3)

CA Kunal Mishra

Consultancy Service

157 Points Posted on 26 July 2013

Differential liability wil have to be paid by factory

Arun Kumar Singh

GST Advocate

13166 Points Posted on 28 July 2013

You should cleared the goods from factory on maximum retail price and duty will be payable on MRP. You should not put the sticker and relabeling at the depot. If you are doing the labeling or relabeling on the goods then duty will be payable on difference amount.