Stock Transfer, Central Excise

[Samik Chaudhuri]

Sir

We are manufacturing Co. Now we would like to stock Transfer our finished goods at other states. My question is :at the time invoicing whether we charge excise duty on Assessable value including freight or not,if not then we mention the freight in the invoice. Please reply me urgently.

With thanks and regards

Samik Chaudhuri.

Posts / Replies

[Pradeep Khatri]

Dear Samik,

It is a settled legal position that excise duty is on manufacture not on the freight. On freight Service tax would be payable.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)