sale to subsidiary and valuation
This query is : Resolved
23 March 2011
when there is sale to subsidiary company...
for the purpose of valuation os assessable value for excise duty, which valuation rule will apply
can a subsidiary be treated as interconnected undertaking alon,
or does holding and subsidiary be called as both interconnected undertaings as well as mutually interested.
in first instance as per rule 10 - transaction value is taken as AV
in 2nd case where it is both interconnected and mutually interested. as per rule 10 - rule 9 principles r followed....
so which rule is to be applied...
for the purpose of valuation os assessable value for excise duty, which valuation rule will apply
can a subsidiary be treated as interconnected undertaking alon,
or does holding and subsidiary be called as both interconnected undertaings as well as mutually interested.
in first instance as per rule 10 - transaction value is taken as AV
in 2nd case where it is both interconnected and mutually interested. as per rule 10 - rule 9 principles r followed....
so which rule is to be applied...
17 July 2011
rule 9 is applied
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