Cost of free issue material
This query is : Resolved
RUPAN MODAK
(Querist)
06 March 2017
Dear Sir,
is Free Issue Material Received from Party is Added for Excise Duty Calculation on Assessable Value or Not ? if Added then Under Which Section ?
Example :- Rs 50000 /- ( Cost of Free issue Material Received form Party)
Assessable Value ( Excluding Cost of Free Issue Material) Rs 250000/-
is Free Issue Material Received from Party is Added for Excise Duty Calculation on Assessable Value or Not ? if Added then Under Which Section ?
Example :- Rs 50000 /- ( Cost of Free issue Material Received form Party)
Assessable Value ( Excluding Cost of Free Issue Material) Rs 250000/-
Arun Kumar Singh
(Expert)
11 March 2017
The duty of excise will be payable on the assessable value of the goods.
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