Menu
Excise duty for free samples
Excise duty for pharmaceutical products are arrived on MRP abatement basis. What about the free samples used for marketing? how to calculate the ED since there is no MRP
Replies (2)
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.
As per Rule 4, the value of such goods has been taken as the equivalent to the value of similar goods
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
