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Central Excise - Started By: - Ramakrishnan Seshadri - Dated:- 4-5-2016 Last Replied Date:- 6-5-2016 - Dear Sir,We need a clarification. We have supplied mould to our vendor. At the time of mould supply the tool cost (amortisation cost) has not been finalised. The vendor has cleared the parts by paying excise duty without amortization cost. Now only the tool cost has been finalised. We have issued the po for the tool amortization cost for the supplies.The vendor has agreed to pay the excise duty .....

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pay interest. - Reply By Rajagopalan Ranganathan - The Reply = Sir,Amortization of mould cost is to be undertaken by your vendor. Initially he has not included the amortized cost of mould in the value of exciseable goods since tool cost was not finalised. On issue of PO by you after finalising the tool cost it is the duty of your vendor to amortize the cost and pay the differential duty and he has to issue the supplementary invoice to you. Interest for delayed payment of differential duty is als .....

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