03 July 2008
Sir, When a excisable unit does job work for a non excisable unit how the transaction will be calculated? Eg: E does job work N. E gets the material from N (procured by N for Rs. 100) and sends it back to N for Rs. 150. N sells the final product for Rs. 200. What will be the transaction value in this case for levying excise duty?
03 July 2008
How can N sells for 200 When his cost itself is Rs.250 (100+150)
In the given case transaction value will be Rs.250. The transaction value should include the material cost(whether purchased by him on his own account or supplied by other.
CAclubindia
