Sir
We are manufacturing Co. Now we would like to stock Transfer our finished goods at other states. My question is :at the time invoicing whether we charge excise duty on Assessable value including freight or not,if not then we mention the freight in the invoice. Please reply me urgently.
With thanks and regards
Samik Chaudhuri.
Excise Duty Applies Only to Manufacturing Process, Not Freight; Service Tax Applicable on Freight Charges for Stock Transfers. A manufacturing company inquires about the correct invoicing procedure for stock transfers of finished goods to other states, specifically whether excise duty should be charged on the assessable value including freight. The response clarifies that excise duty applies to the manufacturing process, not the freight, and that service tax is applicable on freight charges. (AI Summary)
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