hello mates,
can anyone help me to a problem occured while reading central excise valuation rules 2000,
in rule 5 there is written about "place of removal, and place of delievery".
can anyone plz explain about palce of delievery.
what should consider about it, is it the same place of removal or final destination.
Place of delivery means where buyer takes the delivery of goods. Suppose you have undertaken to deliver the goods from your factory to the buyers premises. Then in this situation your factory is place of removal and buyers premises is Place of delivery.
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FOR INDIRECT TAX NOTES FOR CA FINAL
place of removal under section 4(4)(b)(iii) of the Central Excise Act, 1944, where the property in goods passes from the seller to the buyer , it includes factory, warehouse, depot or premises of a consignment agent
Place of Delivery where property is transferred to buyer
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