Rate Difference

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..... Rate Difference
Query (Issue) Started By: - Naresh Antil Dated:- 16-5-2015 Last Reply Date:- 17-5-2015 Central Excise
Got 1 Reply
Central Excise
Dear Sir I want to know that if we are ma .....

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..... king debit note for rate difference so we should calculate the excise for it or not please suggest me . For example :- Material received @138 while actual rate was 137.75 for 100 kgs Than differ .....

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..... ence is .25 so basic amount will be .25*100=25 Add Vat @4.2% 1.05 Total amount is 26.05 or Excise duty will be calculated Reply By ganeshan kalyani: The Reply: In case of Short receip .....

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..... t of material you should raise Debit note with Excise duty and Sales Tax as you are not entitled to take Cenvat credit of material short received/Not received.
Discussion Forum - Knowledge Sharing .....

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