Differential of Excise duty

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....ifferential of Excise duty<br> Query (Issue) Started By: - RAM SHARMA Dated:- 8-1-2014 Last Reply Date:- 8-1-2014 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Experts, We are registered ma....

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....nufacturer in central excise. We are sold our product through our Depot/Consignment agent. Suppose we have removed our product at the rate of 10 percent excise duty from the factory in fy 2011-12. Now....

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.... from March 2012 the rate of excise duty is at the rate of 12 percent . What will be the excise duty rate applicable for our consignment agent/Depot. Whether differential duty will be applicable on th....

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....e factory after the effective rate of change. Pl advice. Thanks Reply By Rajesh Nathoo: The Reply: Dear Mr. sharma , Point of taxation in Central excise is removal from factory . Rate of duty appl....

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....icable would be when goods are removed from the factory . Depo sale is not an exception to this. Depo value is relevant only for valuation purposes. So rate of duty applicable in this case will be 10 ....

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....percent . . There is no need to pay the differential duty in this case .<br> Discussion Forum - Knowledge Sharing ....