Packing Material (Jute Box / Containers) Supplied by Buyer -
This query is : Open
04 February 2009
Dear All,
If buyer supplied the packing material i.e jute box for supply of material, whether cost of packing material to be amorotised and added in assessable value or not.
i.e excise duty is to be paid on packing material or not.
Please advise.
Thanks & Regards
CA. B.K.BANSAL
If buyer supplied the packing material i.e jute box for supply of material, whether cost of packing material to be amorotised and added in assessable value or not.
i.e excise duty is to be paid on packing material or not.
Please advise.
Thanks & Regards
CA. B.K.BANSAL
04 February 2009
here addtional consideration (jute box) are playing from buyer to seller therefor the value of such(notional) will be added inassessable value there is no question of amortisation
K-sagar Management
K-sagar Management
04 February 2009
here addtional consideration (jute box) are playing from buyer to seller therefor the value of such(notional) will be added inassessable value there is no question of amortisation
K-sagar Management
K-sagar Management
04 February 2009
here addtional consideration (jute box) are playing from buyer to seller therefor the value of such(notional) will be added inassessable value there is no question of amortisation
K-sagar Management
K-sagar Management
04 February 2009
Dear Mr. Nilesh,
Thanks for reply,
But these jute boxes are used many times i.e life of jute boxes for packing of material is 30 times of packing of this material. Then how it is possible to add notional cost add to assessable value.
Plz give feedback.
Thanks for reply,
But these jute boxes are used many times i.e life of jute boxes for packing of material is 30 times of packing of this material. Then how it is possible to add notional cost add to assessable value.
Plz give feedback.
04 February 2009
Dear Mr.B.K.BANSAL
i gave my openion by considering you as a seller, if your buyer is suppling you packing material ( Jute Box )by spending his money then the question of amortisation is his matter and yours.
if we considered you as a buyer then yes, you must considered the amortisation cost at the time of sale
Regards
Nilesh K-Sagar
i gave my openion by considering you as a seller, if your buyer is suppling you packing material ( Jute Box )by spending his money then the question of amortisation is his matter and yours.
if we considered you as a buyer then yes, you must considered the amortisation cost at the time of sale
Regards
Nilesh K-Sagar
04 February 2009
DEAR MR NILESH,
WE ARE SUPPLYING THE GOODS AS PER SPEICIFICATION OF BUYER WHICH IS SOLD TO BUYER IN THE PACKING OF JUTE BOX WHICH IS SUPPLIED BY HIM.
AS PER EXCISE RULE , THE COST OF JUTE BOX SHOULD BE AMORITESED OVER THE GOODS.
HOW CAN A BUYER CONSIDERED AMORITSATION COST AT THE TIME OF SALE.
IT THE MATTER REALTED TO SELLER NOT BUYER.
PLZ ADVISED.
WE ARE SUPPLYING THE GOODS AS PER SPEICIFICATION OF BUYER WHICH IS SOLD TO BUYER IN THE PACKING OF JUTE BOX WHICH IS SUPPLIED BY HIM.
AS PER EXCISE RULE , THE COST OF JUTE BOX SHOULD BE AMORITESED OVER THE GOODS.
HOW CAN A BUYER CONSIDERED AMORITSATION COST AT THE TIME OF SALE.
IT THE MATTER REALTED TO SELLER NOT BUYER.
PLZ ADVISED.
05 February 2009
as per valuation rule 6 anything which folws from buyer to seller will be treated as additional consideration becoz here it cant considered the transactionn as sole consideration hence the market value of jute box is to added into the assessable value of the seller.
Sir Pls state clearly whether the buyer is selling goods as such or making any value addtion to it
if buyer is making any value addtion the buyer will considerd amortization cost while clearing his final product and
if not
then seller has to considered amortization cost while clearing goods to the buyer & such amotization will be included into the assessable value and eligible for excise duty.
K-sagar
Nilesh
Sir Pls state clearly whether the buyer is selling goods as such or making any value addtion to it
if buyer is making any value addtion the buyer will considerd amortization cost while clearing his final product and
if not
then seller has to considered amortization cost while clearing goods to the buyer & such amotization will be included into the assessable value and eligible for excise duty.
K-sagar
Nilesh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
