Rule-10 of cevr,2000

This query is : Resolved 

14 August 2011 how can ICU be related in terms of sec. 4(3)(b)under RULE-10 of CEVR,2000? please explain with examples....

16 August 2011 assessable value should be the value when goods are sold to 1st unrelated person.


say mr X has manufacturing unit,
Mr X sold commodity FAN to Mrs X @ 100
Mrs X sold the fan to her son JrX @ 150
JrX sold the fan to Mrs JrX @ 200
Mrs JrX sold the fan to unknown person @ 250


here all the transactions are inter related with Mr X so the transaction value will be 250 for Mr X



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