Regarding Excise Diff. Duty on Branch Sales

[manan pandya]

Dear Experts,

pls. advice about Excise Diff. Duty working on branch sales as per notification received w.e.f. 1/3/15.

i.e. we have supplied Excisable goods to our branch after paid duty (Excise.120+ Edu. 2.4+ H.Edu.1.2) total ₹ 123.6/- (12% + 2% +1%) on 1/2/15 then after final sale cleared on 10/3/15 from our branch ₹ 125/- (Basic Excise 12.5% ) Basic duty paid so how should we calculate diff. duty in month of mar-15 .

should i pay duty diff. of ₹ 5/- or ₹ 1.4/-

pls. suggest .

regards,

Manan Pandya

Ahmedabad.

AI Summary

Advice on Excise Duty Calculation for Branch Sales Post-March 2015 Notification; Section 11D Central Excise Act Applies A forum participant sought advice on calculating differential excise duty for branch sales following a notification effective from March 1, 2015. They had initially paid a total duty of 123.6 on goods supplied to their branch, which were later sold for 125 with a basic excise duty of 12.5%. Respondents advised that no differential duty is required for goods cleared before the budget changes, but if excess duty was charged to buyers, it must be paid under Section 11D of the Central Excise Act, 1944. One suggested paying the difference on 5 with interest, while another mentioned paying only a 0.5% difference if the goods' value increased.