Dear
In case manofacturer distributes manufactured goods free of cost by way of gift or as samples including employess, then they shall be valued at cost plus 15%. However in case they are distributed from depot of manufacturer then "Normal Transaction Value" concept shall apply.
The valuation under excise rule clearly explain that goods which manufactured or sale in the market the value fatched is the same as the similar product is sales in market
If the value not acertainable than a cost sheet is to be certified by the chartered accountant/chartered Enginner or cost accountamt which is acceptable to the Authority
Regds
rameshkothari2159 @ rediffmail.com
Dear Shyam,
I think u want to know about Trade Sample : Generally the manufacturer’s give such samples to their customers for ‘trial and approval’ The removal shall be in the same manner as the removal of goods for home consumption. The manufacturer shall prepare an invoice under rule 11 of the said Rules and record the details in his Daily Stock Account (RG1).He shall discharge duty in the manner specified in rule 8 of the said Rules unless the removal of sample are exempted from duty by a notification issued under Section 5A of the Central Excise Act.
we are manufacturer of electrical accessories, we want to send some samples of products & display board to our dealers & distributers.so,how to send this material & what is the rule? pls. explain me.
thanx
pranab
Leave a Reply
Your are not logged in . Please login to post replies