Dear Sir,
Can anybody tell me that What is the impact of Price Excalation in Excise duty. Please provide Notification.
NIRMAL SHARMA (G.M. ACCOUNTS & FINANCE) (83 Points)
08 August 2009Dear Sir,
Can anybody tell me that What is the impact of Price Excalation in Excise duty. Please provide Notification.
Tahseen Tabassum
(CA-FINAL)
(644 Points)
Replied 08 August 2009
If basic sales price get escalated later on than that increased price will form part of Assesable value, rate of duty will be the rate prevailing at the initial removal of goods before price escalation, & Excise duty will be paid with interest.
For detail refer the following case law:
LUCAS TVS LTD. -2009- TRIBUNAL (LARGER BENCH)
Sanjay Aggarwal
(Authorization)
(22 Points)
Replied 09 November 2009
Dear Sir,
Please sir send us excise+custom duty excel format how did make excise duty and custom duty.Kindly send send us urgent excel format full excise with custom duty for sample basis.
Hoping for a favourable response from your side.
Thanks & Regards,.
Sanjay Aggarwal
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