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TMI BlogDifferecne duty on Depot salesX X X X Extracts X X X X X X X X Extracts X X X X ..... Differecne duty on Depot sales X X X X Extracts X X X X X X X X Extracts X X X X ..... r Non MRP items to our Depots and from depots further sale to our various branches. Suppose one item whose assessable value is 100 for clearance from the factory on a particular date. but the same da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tes our highest Aggregate quantity sale of allover our branches is say 110. So in the above case ₹ 110 is our total consideration from dealer we don't charge excise duty extra in commercial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... invoice so we assume that ₹ 110 is including Excise duty so we calculate the differential duty on 110-100=10 we consider ₹ 10 is including Excise duty 12.50% so we make back calculation 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 is 112.5% so 100% is 8.88 so we paid excise duty on 8.88 12.50%. So my question is it is right way for calculation of difference duty on depot sales or not. Regards Swapneswar Muduli Reply By YA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GAY AND SUN:
The Reply:
You have to pay Central Excise Duty on ₹ 10 only as it cannot be treated as cum duty price. Correct method is to pay duty on ₹ 110 -100 =10 X X X X Extracts X X X X X X X X Extracts X X X X ..... Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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