sale to subsidiary and valuation
This query is : Resolved
Ramya Kinthali
(Querist)
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...
U S Sharma
(Expert)
17 July 2011
rule 9 is applied
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