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Valuation for goods under subcontracting.

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(Querist)
22 March 2010 Dear sir,

we are EOU unit and planning to undertake subcotracting.
1. We will receive major RM from party & will use some other input like nut bolt, etc.

After completion of process, what will be the value of final goods to raise invoice?
1. whether only value addition + labour+ profit

or
2. the value of RM supplied also to be include ?.

pls claify with relavent provision of not or circular.
rgds
varadarajan
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Rajesh Kumar

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Rajesh Kumar (Expert)
30 March 2010 RM plus job charges (no need to add value of self material used or profit, as these are already included in job charges.)

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