TMI Blogwhat value we need to show for Free of Cost Products in Excise Invoice.X X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Sir, We are dealing with excisable products.Recently, we announced that, if the customer purchased 2 of product X we will give 1 of Product Y as free of cost.Both the products are excisable.Now, my doubt is how we need to show the Free of cost materia l in Excise Invoice. We must pay excise duty on Product Y but its value zero in Invoice. Please guide us. Thanks in Advance. Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ards, Rambabu.D - Reply By YAGAY AND SUN - The Reply = In our view, Cost + 10% would be sufficient for calculating and paying C.E. Duty. - Reply By Rambabu Dompaka - The Reply = Thanks for your reply sir. Whether we need to show that portion in Excise invoice ? Regards, Rambabu.D - Reply By Laxmikant Khandayataray - The Reply = Your offer is buy two get one free which means you are charg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing price of 3 against 2.So what ever may be your excise invoice would be showing number of units cleared with assessable value which should not be less than assessable value of cenvat taken for the used inputs for those 3 units cleared.If you are following this procedure then no worry for excise. Laxmikant - Reply By Rambabu Dompaka - The Reply = Thanks for your reply sir. Yes, we are generat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing another internal document for Free of cost material, in that we are charging ED on 110% cost and remitting to dept. Regards, Rambabu.D - what value we need to show for Free of Cost Products in Excise Invoice. - Query Started By: - Ram Dompaka Dated:- 14-9-2015 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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