Excise Duty on Export goods

Excise Duty on Export goods https://www.taxtmi.com/forum/issue?id=4908 Excise duty on exports is payable on the FOB (basic) value, not CIF; where only CIF is available, derive FOB by deducting freight and insurance (using actual amounts or reasonable approximations - freight subject to a commonly applied cap and insurance at a small percentage). Source FOB from sales documentation or compute it from CIF. Excess duty charged on CIF may be adjusted through cenvat credit or rebate procedures; rebate calculations should use the factory gate/basic valuation principle. en-us Mon, 05 Nov 2012 17:25:19 +0530 Thu, 23 Jan 2025 15:57:50 +0530 TaxTMI RSS Generator Excise Duty on Export goods https://www.taxtmi.com/forum/issue?id=4908 Excise duty on exports is payable on the FOB (basic) value, not CIF; where only CIF is available, derive FOB by deducting freight and insurance (using actual amounts or reasonable approximations - freight subject to a commonly applied cap and insurance at a small percentage). Source FOB from sales documentation or compute it from CIF. Excess duty charged on CIF may be adjusted through cenvat credit or rebate procedures; rebate calculations should use the factory gate/basic valuation principle. Discussion-Forum Central Excise Mon, 05 Nov 2012 17:25:19 +0530 https://www.taxtmi.com/forum/issue?id=4908