https://www.taxtmi.com/forum/issue?id=4081 Excise duty is payable on the invoiced sale price; if the seller bills at the higher purchase order price, duty is calculated on that billed amount. It is recommended to amend the purchase order to match the MRP so duty is charged on the lower MRP where commercial margins allow. en-us Tue, 24 Apr 2012 13:48:38 +0530 Thu, 23 Jan 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4081 Excise duty is payable on the invoiced sale price; if the seller bills at the higher purchase order price, duty is calculated on that billed amount. It is recommended to amend the purchase order to match the MRP so duty is charged on the lower MRP where commercial margins allow. Discussion-Forum Central Excise Tue, 24 Apr 2012 13:48:38 +0530 https://www.taxtmi.com/forum/issue?id=4081