assessable value
This query is : Resolved
13 July 2010
If the item purchased received in India after certain no of years (Say 2 Years). Then what will be the assessable value?
1) CIF + Landing Cost – Depreciation for 2 years
2) CIF + Landing cost
3) CIF + Landing cost OR fair value whichever is higher
4) Or none of the above
1) CIF + Landing Cost – Depreciation for 2 years
2) CIF + Landing cost
3) CIF + Landing cost OR fair value whichever is higher
4) Or none of the above
13 July 2010
After 2 years it is received in India ????
For 2 Years where it was??
Was it being used by the buyer,,but out side India.........?
Whether this is Capital goods or accessories or normal trading goods.????
Several Questions are there.
Still from a general point of view the answer is CIF + Landing Cost
But the CIF value shall be determined by the Exchange rate on the on which BOE is produced.
For 2 Years where it was??
Was it being used by the buyer,,but out side India.........?
Whether this is Capital goods or accessories or normal trading goods.????
Several Questions are there.
Still from a general point of view the answer is CIF + Landing Cost
But the CIF value shall be determined by the Exchange rate on the on which BOE is produced.
13 July 2010
It is capital goods. What if following Situation:
1. Due to some reason could not brought to India
2. Used by buyer
1. Due to some reason could not brought to India
2. Used by buyer
04 June 2011
CIF+landing cost on the date of receipt in India. You can not claim depreciation as the goods were not being used by you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- Last year TDS Claim
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
