Saikrishnan S
(Chartered accountant - Plintron)
(186 Points)
Replied 13 February 2017
Valuation principles relating to Free samples is governed by Rule 4 of the Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000.
As per Rule 4, the value of such goods removed as free sample will be the price of Identical Goods sold by the assessee near about the time of removal of such free samples/replacements.
Kamal vashist
(Accountant)
(183 Points)
Replied 15 February 2017
As per Rule 4, the value of such goods has been taken as the equivalent to the value of similar goods
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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