DETERMINE OF ASSESSABLE VALUE IN DEALER INVOICE

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..... DETERMINE OF ASSESSABLE VALUE IN DEALER INVOICE
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 4-5-2016 Last Reply Date:- 4-5-2016 Central Excise
Got 3 Replies
Central Excise
W .....

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..... e have purchase excisable material from dealer and he is passed on excise duty to us. while showing assessable value in dealer invoice he is declared more value than selling price to us. In such cas .....

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..... e any descripancy arrive to avail cenvat credit of the same. Reply By KASTURI SETHI: The Reply: SH.SURYAKANT MITHBAVKAR JI, A dealer is to pass on the amount of cenvat credit. It should not be mor .....

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..... e than the paid amount. Hence passing on credit to your buyer is not concerned with assessable value. The assessable value is NOT relevant here as the legal purpose is to pass on credit what has been .....

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..... paid. Reply By CS SANJAY MALHOTRA: The Reply: Nicely explained by Sh. Kasturi ji, Reply By Ganeshan Kalyani: The Reply: Sir I agree with Sri Kasturi Sir's reply. Thanks.
Discussion Forum - .....

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..... Knowledge Sharing .....

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