23 March 2010
If excise duty paid on MRP basis for any goods, so what will be valuation for captive consumption or for free sample,it should be on MRP basis or cost+10%?
Circular 813/10/2005-CX dated 25.4.2005 show it should be cost of production plus 10% but is it applicable on MRP basis product also or is it only for excluding mrp basis excise duty paid product . Please clear this confusion
CAclubindia
