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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
