Differential of Excise duty

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..... Differential of Excise duty
Query (Issue) Started By: - RAM SHARMA Dated:- 8-1-2014 Last Reply Date:- 8-1-2014 Central Excise
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Central Excise
Dear Experts, We are registered m .....

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..... anufacturer 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. No .....

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..... w 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 t .....

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..... he 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 app .....

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..... licable 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 .
Discussion Forum - Knowledge Sharing .....

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