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Free sample entry
Dear Sir
A Local supplier has raise a invoice to us of free sample but he has mentioned sample value Rs.425/- excise duty 5.13 and other taxes nil i.e. total value is Rs.478.13.
Kindly explain the entry for stock and financial also in both party books.
Replies (1)
The duty of excise will be payalbe by the manufacturer on the assessable value of the goods even if free supply and the buyer can take the cenvat credit.
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