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Excise on freight in excise invoice
Should Excise Duty paid on Freight ?
Option 1. Place of Removal is Factory Gate.
Option 2. On FOR Basic.
Option 3. Debit Note raised by Mfg. for Freight.
Note: At Excise Audit 2000 Auditors raise Demand of ED on Freight.
Rule 5 Excise Valuation Rules, which allow a specific exclusion for the cost of transportation from the place of removal up to the place of delivery of such excisable goods.
This is opened for Discussion here !!!
Replies (3)
In one recent case the concerned Authority Demanded Service Tax on Freight charged by manufacturer (FOR Basis) Excise not charged on Freight under valuation of Section 4.
So is it necessary to charge excise duty on freight amount??
Its matter of service tax...the one who pay the freight has liable to pay ST.but freight annual turnover will exceeds limits 0f 5 lakh to be in Service tax.... no excise or entry tax on freight as its part of services
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