Amounts, which the buyer is liable to pay either to the assessee or any person on behalf of the assessee, would form part of the value provided the payment is by reason of sale or in connection with sale.
where excisable goods are sold satisfying all conditions to sec 4(1)(a) except the condition of delivering at the place of removal and the goods are delivered at a place other than the place of removal, then the value shall be the transaction value minus cost of transportation from the places of removal to place of delivery.
20 November 2008
Dear Durga The definition of transaction value for charging excise, transportation cost are included. Transportation cost up to the place of removable goods shall form part of the value. Trasportation cost from the place of removal to the warehouse or factory shall not form part of the value
CAclubindia
