Excise duty payable on Sales tax paid at NPV value

[Asked by Guest]

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

Excise duty on sales tax component may arise where NPV is not treated as actually paid by the taxpayer.
Whether excise duty is payable on a sales tax component computed at Net Present Value (NPV) depends on whether that NPV is regarded as "actually paid or actually payable"; if treated as unpaid tax recovered from the customer or as a deemed payment by the sales tax authority, excise may be leviable on the difference between actual sales tax liability and the NPV, with the exclusion in Section 4 on taxes actually paid or payable being determinative.