Recently excise duty rate is reduced to 10% from 14% with effect from 7th december'08.
While procuring material from vendor,
vendor at the time of delivering material as per invoice date(before 7th december) excise rate is 14%. But, by the time we do GR at our place,excise rate is 10% as per our updated excise master(after 7th december)
How to tackle these type of specific transactions; Please guide me