How to identify assessable value of bags
This query is : Resolved
Vishal Agarwal
(Querist)
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
Arun Kumar Singh
(Expert)
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
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
