CAclubindia

Ram Avtar Singh's Expert Profile

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Shailender says : shailender
hallo sir

subasish says : stock statement
why we use stock statement?

Harshith says : Articleship
Sir, what are the criterion for selection of students for articleship in the Big-4 firms and mid-size firms? Where would you recommend to join and why?

Sapana Padhye says : Excise Chapter heding
Dear Sir, I had ask this Query but no one had reply on it, please tell me the chapter haeding for Plastic Spray Pupms, Lotion Pumps and Trigger pumps. This pumps are using for hand sanitizer and other liquids. It should be in Chapter 39 becouse of Plastic product but i cant get the exact subheading. Please give me any idea its very urgent My email ID is psapana91@gmail.com Thanks & Regards

CA. Niranjan Kumar says :
sir, i have quoted my problem last 3 days, no reply from any one. pls solve my confusion. on 1.1.2011 Mr x sold final product to her wife, Mrs. X at Rs. 1000/- per kg Mrs. X sell all goods purchased from his husband to his son Mr Y. Mr. Y sells these goods in retail market. Mrs. X sold the goods to Mr.Y as follows: on 1.1.2011----@ 1500/- on 15.1.2011----@ 2000/- goods purchased on 1.1.2011 are sold by Mrs X to his son on 15.1.2011. My confusion is that what is the Assessable value of good sold by Mr. X to her wife Mrs. X on 1.1.2011? whether 1500/- or 2000/-. Rule 9 in the exact language is writte as follows-- --When the assessee so arranges that the excisable goods are not sold by an assessee except to or through a person who is related in the manner specified in either of sub-clauses (ii), (iii) or (iv) of clause (b) of sub-section (3) of section 4 of the Act, the value of the goods shall be the normal transaction value at which these are sold by the related person at the time of removal, to buyers (not being related person); or where such goods are not sold to such buyers, to buyers (being related person), who sells such goods in retail : Provided that in a case where the related person does not sell the goods but uses or consumes such goods in the production or manufacture of articles, the value shall be determined in the manner specified in rule 8. so i am thinking that AV of goods removed from X to Mrs. X on 1.1.2011 should be Rs. 1500/- Am i correct or not? my email - niranjankumar06@yahoo.co.in Thank U for your help.-