Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory

Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory https://www.taxtmi.com/article/detailed?id=6279 When a purchase contract is validly novated to reduce the price before goods are removed from the factory, the transaction value for excise must be the revised contract price; duty paid on the former higher price is excess and refundable, and refund claims may include interest for delayed repayment. en-us Wed, 27 May 2015 06:50:12 +0530 Wed, 27 May 2015 06:50:12 +0530 TaxTMI RSS Generator Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory https://www.taxtmi.com/article/detailed?id=6279 When a purchase contract is validly novated to reduce the price before goods are removed from the factory, the transaction value for excise must be the revised contract price; duty paid on the former higher price is excess and refundable, and refund claims may include interest for delayed repayment. Articles Central Excise Wed, 27 May 2015 06:50:12 +0530 https://www.taxtmi.com/article/detailed?id=6279