What is the assessable value if rate of duty is nil
This query is : Resolved
30 May 2013
Dear Sir,
We have started to produce Goods which is excempt from Duty, it is NIL rate , the MRP is Rs.180/- selling price is Rs.85/- in ER1 assesssable value coloum what amount i suppise to mention or is this "0" nil amount.
Regrads,
HN Manjunatha
We have started to produce Goods which is excempt from Duty, it is NIL rate , the MRP is Rs.180/- selling price is Rs.85/- in ER1 assesssable value coloum what amount i suppise to mention or is this "0" nil amount.
Regrads,
HN Manjunatha
Arun Kumar Singh
(Expert)
19 June 2013
No need to give the detail of exempted goods in ER-1.
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