Mrp based valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2012
Respected Sir.
I am a ca final student .
Is valuation u/s 4A (Mrp based valuation) applicable if specified goods are sold to wholesalers .I am asking this because in one reference book it states as an example-if refrigerator manufacturer sells to wholesaler/dealer then Sec 4A is not applicable and valuation to be done at Transaction value.
It further sates that is refrigerator is directly sold to consumer then duty is payable on MRP less abatement.
plz help!!
I am a ca final student .
Is valuation u/s 4A (Mrp based valuation) applicable if specified goods are sold to wholesalers .I am asking this because in one reference book it states as an example-if refrigerator manufacturer sells to wholesaler/dealer then Sec 4A is not applicable and valuation to be done at Transaction value.
It further sates that is refrigerator is directly sold to consumer then duty is payable on MRP less abatement.
plz help!!
11 December 2012
If MRP is not put on the goods then duty will be payable on transaction value if MRP is available on the the goods then duty will be payable on MRP based after abatement u/s 4A.
Message likes :
1 times
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
