Excise duty gate pass

[Asish Kumar Nath]

Dear Expert,

We are a trading company and having excise registration. Generally we import material and trading the same in India. In this case we pass excise duty and special duty which we actually paid to govt. through excise gate pass to our customer. Here  actually paid amount and pass out remain same.

In same manner when we purchase 10 items @ 100.00 each material from Indian manufacturer they charged excise 12.36% on product valu  say product value Rs.1000.00 + Excise @ 12.36%=123.6+ cst@2% Rs.22.48= total Invoice Value Rs.1146.08.

Now we shall sell the same quantity to our customer @ 150.00 each on 2% cst and customer asked for excise duty gate pass. How we raise invoice on them and which amount we should pass to them? Is it Rs.123.60. If it is then the customer may know the our bying price on back calculation. Please help me..........

 

Asish Kumar Nath

AI Summary

Excise duty transfer: dealers may pass only the duty charged to them and must document CENVAT credit on invoices.
Traders with central excise registration who transfer excise and special duty must obtain appropriate dealer registration or remove goods on invoices charging equivalent duty; they may pass only the duty actually charged by their supplier, must issue a central excise invoice indicating CENVAT credit and the supplier's original invoice number, and should show duty separately on the bill while profit and CST are added separately.