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Former Member
Jul 19, 2010 at 04:35 AM

Trading Company Excise Invoice treatment



My client is dealing in trading business. At the time of purchasing the items they will take the excise amount like Basic Excise Duty, Eductaion Cess, Higher Education Cess , additional duty. At the time of selling the same item he passed the same excise duty and referecne of the purchase invoice in the sale invoice.

How we can pass the same excise duty that has been pruchased from the supplier at the time of selling the item.

Thanks and Regards,

Rajeev Agarwal