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Ecsoce valuation

436 views 2 replies

huzaifa

student-professional

37 Points Joined September 2013

Assesse sells goods to a related person at rs 100000 on 15 dec 2012. On same date related person sell to unrelated biyer @ rs 110000. Wat will be assessable value in certain conditions. A) Related person sells to unrelated buyer on 5 th feb rs 120000. B)Related person sells to unrelated buyer on 10 th feb rs 125000.

Replies (2)

karan jit singh

Consultant

1299 Points Joined November 2010

Dear,

In your case rule 9 of central excise valuation,2000 rule is applicable. Therefore for such transaction value to unrelated buyer is considered as value of the above mentioned transaction.

Thanks

Karan