Price-cum-duty definition expanded to include additional consideration and clarifies time of removal as factory clearance. The amendment declares that price-cum-duty equals the price actually paid plus the money value of any additional consideration flowing from the buyer, excluding sales tax and other taxes actually paid, and deems such price-cum-duty to include the duty payable. It also specifies that depots, consignment agent premises and similar post-clearance locations are places from which goods may be sold, and that the time of removal for goods from those places is deemed to be the time of clearance from the factory.
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Provisions expressly mentioned in the judgment/order text.
Price-cum-duty definition expanded to include additional consideration and clarifies time of removal as factory clearance.
The amendment declares that price-cum-duty equals the price actually paid plus the money value of any additional consideration flowing from the buyer, excluding sales tax and other taxes actually paid, and deems such price-cum-duty to include the duty payable. It also specifies that depots, consignment agent premises and similar post-clearance locations are places from which goods may be sold, and that the time of removal for goods from those places is deemed to be the time of clearance from the factory.
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