TMI BlogDifferecne duty on Depot salesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We sales our Non MRP items to our Depots and from depots further sale to our various branches. Suppose one item whose assessable value is 100 for clearance from the factory on a particular ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date. but the same dates our highest Aggregate quantity sale of allover our branches is say 110. So in the above case ₹ 110 is our total consideration from dealer we don't charge excise du ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty extra in commercial invoice so we assume that ₹ 110 is including Excise duty so we calculate the differential duty on 110-100=10 we consider ₹ 10 is including Excise duty 12.50% so we m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ake back calculation 10 is 112.5% so 100% is 8.88 so we paid excise duty on 8.88 12.50%. So my question is it is right way for calculation of difference duty on depot sales or not. Regards Swapnesw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar Muduli - Reply By YAGAY AND SUN - The Reply = You have to pay Central Excise Duty on ₹ 10 only as it cannot be treated as cum duty price. Correct method is to pay duty on ₹ 110 -100 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... =10 - Differecne duty on Depot sales - Query Started By: - Swapneswar muduli Dated:- 3-11-2015 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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