Bought out goods
This query is : Resolved
24 October 2014
what exactly does bought out goods mean? and Why is dharmada taken in the valuation of excisable goods?
CMA Ramesh Krishnan
(Expert)
24 October 2014
1.bought out goods means during manufacturing some of the parts or goods may be bought outside and fit in to the main product. the goods purchased and attached in the main product called bought out goods
2. Since the excise taxable event is on goods manufactured so even you given for dharmada it will not have any impact so it included valuation of excisable goods
2. Since the excise taxable event is on goods manufactured so even you given for dharmada it will not have any impact so it included valuation of excisable goods
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