Assessment documents to show duty payment particulars :
1. Section 12A makes it obligatory on the person liable to pay duty to indicate on the invoice or like documents, the amount of duty which will form part of the price at which such goods are sold.
2. Section 12B casts a presumption that duty has been passed on to the buyer. This presumption is rebuttable.
3. The amount of excise duty to be mentioned is not the actual duty paid or payable on the goods but only the actual duty being passed on to the buyer as part of the price of goods sold.
4. The document relating to assessment are:
(a) Invoices/AR1
(b) Monthly ER-1 return
(c) Receipted treasury challans on which deposits were being made.
(d) Original and duplicate copies of the account-current and also of account in Cenvat credit records as the case may be.
(e) The obligation under this section is applicable only to persons who are liable to pay excise duty – viz. manufacturers, curers etc. It does not apply to wholesale dealers, traders etc.