TaxTMI 
TaxTMI 
Outward Freight
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....utward Freight<br> Query (Issue) Started By: - vishal gupta Dated:- 11-3-2016 Last Reply Date:- 17-3-2016 Central Excise<br>Got 5 Replies<br>Central Excise<br>whether outward freight is to be included in assessable value and duty is to be paid. if so, then whether the assessee can claim refund of the same under area based notification No. 56/2002 dated 14.11.2002. Pls explain with newly updates. ....
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....Reply By KASTURI SETHI: The Reply: Sh.Vishal Gupta Ji, Whether outward freight is to be included in the assessable value or not depends upon the place of removal. If the place of removal is factory gate, then outward freight will not be included in the assessable value. No Central Excise duty is required to be paid on the amount of outward freight. In other words, deduction from transaction valu....
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....e is allowed. If the place of removal is depot, then the element of outward freight is to form the part of assessable value and duty has to be paid on the amount of outward freight. Regarding the claim of refund of duty paid on the amount of outward freight, the procedure is the same. Both Notifications No.56/2002-CE and 57/2002-CE stand amended vide Notification No.3/16-CE. You can take the decis....
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....ion according to your factual position as I am not aware of the place of removal. Reply By surya narayana: The Reply: The views expressed by shri. Kasturi sethi Ji needs no intervention Regards Suryanarayana Reply By KASTURI SETHI: The Reply: Sh.Surya Narayana Ji, Thanks a lot, Sir. Reply By vishal gupta: The Reply: thanx a lot sir for ur valuable suggestions. Reply By Ganeshan Kalyani:....
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.... The Reply: I agree with Sri Kasturi Sir's views / opinion. Thanks, it enriched my knowledge.<br> Discussion Forum - Knowledge Sharing ....