banner_ad

Excise on depot transferre

675 views 1 replies

i have manufaturing excisabe unit in gurgaon and non exciseable depot in delhi. i am making stock transferred at Rs 100 and showing excise duty payable in gurgaon as Rs 12.36. Now in delhi depot i am making sale of Rs 112.36 in sale invoice and showing direct expenses as rs 12.36 in delhi depot books. please suggest weather central excise will have objection that my assessable value in depot had increased and can they demand duty on increased sale value i.e 12.36

Replies (1)
As per Rule 7 of Central Excise Determination of Value Rules, in case of a depot transfer normal transaction value prevalent at depot at the time of transfer will be taken as assessable value and accordingly duty will be paid on the said value. Where at a later date the goods is sold at a higher price then excise duty is to be paid on difference amount.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details