Excise notification 67/95

67/95 is applicable when goods are produced in housed and are also used in the manufacture of excisable good on which excise duty is payable. If you use purchased Moulds then you have to add ammortised value to the value of goods for the purpose of making payment of excise duty. It appears that you have not added ammortisedvalue into the value of excisable goods, then department will be raising demand on total ammortised value and penalty and interest will also be imposed. In invoce of finished goods first you have to add ammortised value for the purpose of excise duty but at the end you have to deduct the same from total value of the invoice while raising invoice to the customer.67/95 is definitely not applicable in your case.

R C Verma, Advocate

09810525780

08882812818.

Originally posted by : Raksh*t
	67/95 is applicable when goods are produced in housed and are also used in the manufacture of excisable good on which excise duty is payable. If you use purchased Moulds then you have to add ammortised value to the value of goods for the purpose of making payment of excise duty. It appears that you have not added ammortisedvalue into the value of excisable goods, then department will be raising demand on total ammortised value and penalty and interest will also be imposed. In invoce of finished goods first you have to add ammortised value for the purpose of excise duty but at the end you have to deduct the same from total value of the invoice while raising invoice to the customer.67/95 is definitely not applicable in your case. R C Verma, Advocate 09810525780 08882812818.

Sir, Thanks for Information .

 

Now Party asking Invoice , How we will prepare invoice and we need Mold price from party because we already paid that mold price to Supplier on behalf of Party.

Party asking send me invoice without excise value.

 

Please Guide me How to prepare Invoice.

Regard,

Naveen

Sir, Thanks for Information . Now Party asking Invoice , How we will prepare invoice and we need Mold price from party because we already paid that mold price to Supplier on behalf of Party. Party asking send me invoice without excise value. Please Guide me How to prepare Invoice. Regard, Naveen Read more at: /forum/excise-notification-67-95-327745.asp

Astion arises. Whether Moulds received were duty paid?Whether Cenvat was taken? You can issue commercial invoice.

 

R C Verma

Yes Sir at the time of Mold Purchase we taken CENVAT Credit.Can we prepare Commercial Invoice for the same mold without charging Excise.