Tuesday 29 September 2015

No excise duty on sum received due to price escalation if it isn't known at or before time of remova

Central Excise : Duty is payable at place, price and time of clearance of goods; hence, price-escalation, which was not contemplated at or before time of removal, cannot form part of transaction value especially when there is no allegation of understatement of value

No comments:

Post a Comment