Valuation for Inter unit transfer
This query is : Resolved
24 October 2009
we have two units as unit I and II registered under Excise. If i want to transfer a matrial from one unit to another unit what value I should take for making invoice, whether i have to load value @ 110% pls advise
03 November 2009
yes you add 10% notional profit:
Where excisable goods are wholly consumed within the factory of production or in any other factory of the same manufacturer, the assessable value is to be determined under section 4(1 )(b) of the Act, read with Valuation Rules, on the basis of value of comparable goods or cost of production including a reasonable margin of profit, if value of comparable goods is not ascertainable.
Where excisable goods are wholly consumed within the factory of production or in any other factory of the same manufacturer, the assessable value is to be determined under section 4(1 )(b) of the Act, read with Valuation Rules, on the basis of value of comparable goods or cost of production including a reasonable margin of profit, if value of comparable goods is not ascertainable.
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
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
