9911796707
TMI Blogpayment of Interest on differential Excise DutyX X X X Extracts X X X X X X X X Extracts X X X X ..... payment of Interest on differential Excise Duty X X X X Extracts X X X X X X X X Extracts X X X X ..... ir, At the time of revision in the P.O. price by our Customer's, we do pay differential excise duty . At the time of removal of finished goods, but we do not aware that how much price revision will b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e given by our customer on our claim . In this case is there any liability of interest on differential excise duty paid by us on the incre.mental value recovered from the customer. We seek your opini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on . Regards Pradeep Jain Reply By MUKUND THAKKAR: The Reply: Dear Pradeep jain In case of any additional amount recover from customer which has connect to sales, In such case interest should be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payable. generally this happened in case of your company act as a ancillary company of automobiles. rates are provisionally and latter on final. so according to me interest is payable on diff. duty. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Pradeep Khatri: The Reply: Dear Pradeep, It is settled legal position that interest is payable on differential excise duty payment to the exchequers. Whatever amount your client is getting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as differential excise duty, that would come under the purview of payment of statutory interest at the applicable rate.
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YAGAY and SUN
(Management, Business and Indirect Tax Consultants) X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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