TMI BlogFreight Calculation on InvoiceX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, I m working in manufacturing concern, our one party asks us to show freight charges separately after sales tax calculation, as not to charge sale tax on that freight value, but as per our ERP setting we can calculate excise duty on that (freight+Basic rate) but freight cost does not show at assessable value place only basic rate shows there fore excise duty calculation is correct but assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able value showing is wrong, pls tell me know that it is neccessary to show exact assessable value in front of excise duty if any notification or rule related to it - Reply By Rajagopalan Ranganathan - The Reply = Sir, It is held in CCE vs. Maharashtra Control Panel [2013 9291)ELT 545 (CESTAT)] = 2011 (6) TMI 549 - CESTAT, MUMBAI that if contract price is ex-works and actual cost of tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsportation is reimbursed by buyer to the manufacturer, outward freight and insurance are not includible in the assessable value. Therefore you show the basic price in column assessable value and then show the excise duty payable and vat/sales tax payable. After this you show the freight and insurance charges paid by you or payable by the buyer. - Reply By Mridul Sethi - The Reply = Sir, we are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... doing the same thing we also paying duty on freight but due to technical issue of our ERP system freight cost is not showing at the place of assessable value, say our basic price is ₹ 95 ₹ 5 is freight cost and at our invoice assessable value is showing ₹ 95 in assessable value column amount is showing ₹ 12.5 @12.5% on ₹ 100. So, pls come to my point that is As ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessable value must be correlated with excise duty percentage or not is there any rule related to it. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Excise duty is leviable on transaction value. Your transaction value is ₹ 95/- and duty payable should be rs. 11.88 which is the correct one. I feel the programme of your software is written in such a way the duty is calculate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d on the total value (transaction value + freight). Please take up this mater with your software support team and explain that actual freight need not be included for calculation of duty liability. A discussion with your software support team will help you to solve your problem. - Freight Calculation on Invoice - Query Started By: - Mridul Sethi Dated:- 27-6-2015 Central Excise - Got 3 Replies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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