TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Determining Goods Value in Principal-Agent Deals: Open Market Value or 90% of Recipient's Price under Rule 4 or 5.</h1> The value of goods supplied between a principal and an agent is determined by the open market value or, at the supplier's option, 90% of the price charged by the recipient to an unrelated customer for similar goods intended for further supply. For example, if groundnuts are supplied at 5000 per quintal by the agent, but another supplier charges 4550, the principal's supply value is 4550 or 4500 if the 90% option is chosen. If the value cannot be determined under these conditions, rules 4 or 5 will apply for valuation.
TaxTMI 
TaxTMI 
