Monday, June 25, 2018

Excise duty was payable on net sales price even if discount was allowed from retail sales price

GST/Excise & Customs: Where assessee was engaged in manufacture of Compressed Natural Gas and sold same to oil marketing companies (OMCs) for resale to ultimate buyers and allowed certain discount to them from retail sale price, which was termed as commission/trade margin, etc. in agreements, assessee was liable to pay duty on net sales price charged to OMCs

from www.taxmann.com Latest Case Laws https://ift.tt/2lB9uTr
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