Intercompany transfer

vijeesh V R (CA Final) (91 Points)

29 February 2012

A manufacturing company purchases Rawmaterials from Foreign companies and transfers it to its branches.Is it required to transfer the duties to respective branches?

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CA M.NAGARJUNA REDDY (CHARTERED ACCOUNTANT) (591 Points)
Replied 29 February 2012

I think you are asking about the Custom Duty and CVD.

Accoring to Customs Valuation Rules, it should be valued at Transaction Value.

In my opinion company should transfer the respective duties to the receiving branches.

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vijeesh V R (CA Final) (91 Points)
Replied 29 February 2012

Is there any Case laws supporting for your views.

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