How to identify assessable value of bags
This query is : Resolved
09 April 2013
Hi Experts, Please Help
How to Identify at what Price will be the Excise Applicable
For Example
Product is Bag = Cost is 1200 and MRP is 2400/-
if i have to Transfer it to my Branch on wht Value will i have to Pay Excise
if i have to Transfer to Third party with 20% Margin on What Value will i have to Pay Excise.
Please Help Urgent
How to Identify at what Price will be the Excise Applicable
For Example
Product is Bag = Cost is 1200 and MRP is 2400/-
if i have to Transfer it to my Branch on wht Value will i have to Pay Excise
if i have to Transfer to Third party with 20% Margin on What Value will i have to Pay Excise.
Please Help Urgent
09 April 2013
If MRP is available on the goods then you will clear the goods and pay the duty after abated value under section 4A of central excise act. Your transaction value will be any thing but duty will be paid after abatement.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- GST ON TRAVELLING BILLS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
