SM - Audit & Taxation
156 Points
Joined September 2007
Dear sir,
You are adopting Rule 7 of CE Vauation rules for arriving the duty liability on Removal.
Whereby you are adopting the price at which the greatest aggregate qty sold based at the Sale point for discharging the Duty liability.
The final sales price will not impact the valuation done above. This will normally accepted by the Dept.