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principal-to-principal basis agreement

arnav (student) (78 Points)

24 January 2011

Please comment on the term

and Share the examples for the same in practicality...

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4 Replies

HS Negi (Senior Executive- F&A) (590 Points)
Replied 24 January 2011

Dear Arnav

We are unable to understand your querry. I think you have applied your query in a wrong category.

Regards

Harendra Singh Negi

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arnav (student) (78 Points)
Replied 25 January 2011

Originally posted by : Harendra Singh Negi
	Dear Arnav We are unable to understand your querry. I think you have applied your query in a wrong category. Regards Harendra Singh Negi

If I misread something about the term then I regret here....

But, I have to know actually the scope and nature of

Advertising & publicity expenses

and

commission expenses

to be considered while valation of assessable value under the transaction value method of Excise Act...

Hope I can find something about this here..

HS Negi (Senior Executive- F&A) (590 Points)
Replied 25 January 2011

Dear Arnav

This is perticulary the plateform of excise. For excise point of view, I wish to share something as mentioned below:(a)

Advertisement & Publicity Expenses

These are the expenese, which are incurred during running of a business. And if you are recovering form your customers then you shold to add this in arriving your assessable value.

Regards

Harendra Singh Negi

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