CONSIGNMENT SALE
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2011
SIR
CAN ANY BODY HELP TO KNOW THE EXCISE IMPACT IN CASE OF CONSIGNMENT SALE.
REGDS
RANJAN
MANAGER COMM.
CAN ANY BODY HELP TO KNOW THE EXCISE IMPACT IN CASE OF CONSIGNMENT SALE.
REGDS
RANJAN
MANAGER COMM.
26 June 2011
Valuation of goods removed from factory as consignment sale is covered under Rule 7 of central excise valuation rules 2000. Valuation shall be, the value of similar goods removed from the depot / premise of consignment agent at or about same time & where there is no such sale, nearest time of sale.
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