Cas 4 applicability

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CA Sonu Maurya (Querist)
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18 December 2012 Is CAS 4 valuation apply on stock transfer even goods are removed on market price?
if no kindly provide relevant material on the same.

Ajay Raghatate

Ajay Raghatate (Expert)
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22 December 2012 Yes Stock trf price should be more than Cost+10%
Plz go the below link reg CAS-4

https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=9983

CA Sonu Maurya

CA Sonu Maurya (Querist)
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23 December 2012 Thanks Mr. Ajay for your time n interest, but as the para start wid

Where the excisable goods are not sold by the assessee but are used for consumption by him or on his behalf in the production or manufacture of other articles, the value shall be one hundred and ten per cent of the cost of production or manufacture of such goods.

Then if goods are sold then we can removed it on market value too.

Ajay Raghatate

Ajay Raghatate (Expert)
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24 December 2012 There is no issues if you have maintained selling price more that @ 110% of Cost of goods manufactured, for Customers & your Other unit.
But at time of CAP & dept audit, they will require CAS-4 Certificate if you sold FG /SFG, to another unit or sister concern unit.

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