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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Circular: Return Journey Transportation Costs Not Deductible Under Central Excise Valuation Rules Unless Invoice Excludes Them.</h1> The circular from the Central Board of Excise and Customs addresses the deduction of transportation costs for return journeys under the Central Excise Valuation Rules. It revises the previous clarification, stating that only the actual cost of transportation from the place of removal to the place of delivery is deductible. If a manufacturer or transporter charges for the return journey of an empty vehicle, this cost is not deductible unless the invoice specifically excludes return journey costs. Trade notices are to be issued for clarity, and acknowledgment of receipt is requested.
TaxTMI 
TaxTMI 
