Is as 2 is applicable????
This query is : Resolved
Vishwas Bidada
(Querist)
21 August 2011
Hello sir....
Last year my friend went to NPCIL for audit...
Whatever NPCIL purchases they are just paying hiring charges for this... (they purchase from the ministry of defence)
Now whatever Byproduct comes from that manufacturing... they are giving to ministry of defence...
Now my question is what rate they should charge???
Is AS-2 is applicable on this....????
If not then what is applicable..??
Show me how to value this...
Thanking you....
Last year my friend went to NPCIL for audit...
Whatever NPCIL purchases they are just paying hiring charges for this... (they purchase from the ministry of defence)
Now whatever Byproduct comes from that manufacturing... they are giving to ministry of defence...
Now my question is what rate they should charge???
Is AS-2 is applicable on this....????
If not then what is applicable..??
Show me how to value this...
Thanking you....
mahendra soni
(Expert)
22 August 2011
Ur question is not clear. Please elaborate clearly
CMA Ramesh Krishnan
(Expert)
24 August 2011
AS 2 stock valuation will apply for both final product or by products
Vishwas Bidada
(Querist)
25 August 2011
But sir hiring charges doesnt comes under the definition of asset.....
then also AS 2 apply???
then also AS 2 apply???
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