Payment of Excise Duty

[chaganti srinivas]

Dear Mr.Ramakrishna, furhter to your reply to issue id no. 1307, Do we need to pay excise duty on the differential price for the sale price made from depot to the sale price considered from factory?. Please give your mail id also. Thanks srinivas

AI Summary

Excise Duty Not Owed on Differential Sales Price; Calculated at Depot Sale Price Upon Factory Removal A query was raised regarding the payment of excise duty on the differential price between the sale price from a depot and the factory sale price. The response clarified that excise duty is not payable on the differential sales price. Instead, excise duty should be calculated based on the sale price of goods at the depot at the time of removal from the factory. Subsequent changes in the sale price, whether higher or lower, do not affect the excise duty obligation.