Invoice value

Dear friends

We are from kerala and we are  purchasing goods from Tamil NAdu.our goods are detained in the chequepost because our invoice value is less than 65% of MRP value . Is there any such rules that contains Invoice value must be such % of MRP . Please quote the section or rules also. Please help me its very urgent

Replies (8)

In which checkpost ur goods were detained.Tell me the state.

in valayar check post

in valayar check post

I can tell u about Tamilnadu only.Its kerala checkpost.Sorry madam

There is no rule that Invoice value should be in % of MRP

In Walayar check posts many goods are detained for petty reasons. The Check post authorities are not empowered to check the price of the goods. Since they are not the Assessing officer they are not supposed to check these things. Even the Kerala High Court delivered a judgement in a case and warned the authorities not to detain the goods for the price.

Yes Mr Anoop is correct there is no such rules , MRP price and sales price is different u can bill less than MRP price only excise duty to be paid as per abatment rates.

There is no such rule at all....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details