praharsh (Job) (1 Points)
12 January 2017
Sanjeev Madan
(HEAD TAXATION)
(24 Points)
Replied 13 January 2017
You may take support from rule 11 of valuation rules and apply rule 8 i.e. 110% of cost of manufacture
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 13 January 2017
Rule 11 of Valuation rules provides to adopt any reasonable method consistent with the principles and general provisions of said rules and Sec 4(1).
If you could discharge excise duty on the expected selling price from the warehouse with sufficient document to substantiate the claim even that should be accepted.
Other alternative bit more safe is CAS 4 + expected margin
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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