GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

12.5 Excise to be levied on base price or discounted price

Central Excise - Started By: - Vinay Badam - Dated:- 11-1-2016 Last Replied Date:- 13-1-2016 - Dear Sirs,I am a distributor for a multinational company Construction chemicals, They have various manufacturing locations in IndiaIn their invoice for example the basic value of a material is 2000 rupees and they are giving a discount of 50%how much excise they should charge12.5% on 2000 (Basic price)or 12.5% on 1000 (Discounted Price)please share your feedback and any supported links or documents Tha .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

itions. - Reply By Vinay Badam - The Reply = Thank you for very immediate reply sir,Actually the company is not selling at prices less than manufacturing prices, They provide different discounts based on volume of the orderMy question is 12.5% to be calculated on basic price or discounted price - Reply By KASTURI SETHI - The Reply = On discounted price (Net Price). But I shall use the term, 'Transaction Value'. Duty is chargeable on the net price paid or payable in terms of Section 4 of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

eply By YAGAY AND SUN - The Reply = In the case of CCE, Indore vs Bridgestone India Pvt Ltd.= 2015 (9) TMI 981 - CESTAT NEW DELHI the assessee was selling the goods through its dealers and C&F agents and was giving quantity discount / trade discount / cash discount to its dealers through credit notes at the end of year. The assessee applied the excise department for provisional assessment but the application was rejected by the department. At the time of clearance of goods from the factory, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version