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Interest on Supplementary on Volume Base Transaction.

Central Excise - Started By: - Santosh Mali - Dated:- 25-3-2016 Last Replied Date:- 25-3-2016 - Dear All,Interest to be paid on supplementary invoice for rate difference is known. but if supplementary invoice prepared for volume base transaction then .....

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y. (say 40000) then the rate will be ₹ 12. and differential amount will be collected by issuing supplementary invoice, and further dispatch will continue by old rate i.e. ₹ 10. PLS GUIDE IS INTEREST TO BE PAID ON SUCH TRANSACTIONS? if yes .....

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₹ 400000 for the goods supplied by you. If your customer does not want to lift the remaining 10000 pieces then you will charge differential price @ ₹ 2/- per piece. In that case you will raise supplementary invoice for ₹ 80000/- Wh .....

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it is held by the Supreme Court that the payment of differential duty by the assessee at the time of issuance of supplementary invoices to the customers demanding the balance of the revised prices clearly falls under the provision of sub-section (2B .....

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