Excise duty payable on Sales tax paid at NPV value

[SANDESH SHINDE]

Dear Sir, Is excise duty required to be paid on sales tax paid at concessional rate on Nov value, pls explain , pls give any reference regarding this, thanks and regards

AI Summary

Debate on Excise Duty Applicability on Concessional Sales Tax NPV: Conflicting Views and Legal Clarifications Under Consideration A discussion on whether excise duty is payable on sales tax paid at a concessional rate on the net present value (NPV) includes differing opinions. One participant believes excise duty is not payable on the sales tax component. Another suggests reviewing specific legal judgments, indicating that excise duty might be applicable. A third participant notes that the department has clarified the issue, implying excise duty is required. The final response states excise duty is not needed on NPV but may be applicable on the difference between actual sales tax liability and NPV, unless treated as 'Deemed Payment' by the sales tax department.