General permission for clearance of inputs: pricelist filing waived if sold at receipt price, mandatory if sold higher. Where inputs are sold at the same price received or transferred to another factory other than by sale, the assessee may be exempted from filing a pricelist; if goods are sold at a higher price, pricelist filing is mandatory. A classification list is required in all cases where inputs are cleared as such.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
General permission for clearance of inputs: pricelist filing waived if sold at receipt price, mandatory if sold higher.
Where inputs are sold at the same price received or transferred to another factory other than by sale, the assessee may be exempted from filing a pricelist; if goods are sold at a higher price, pricelist filing is mandatory. A classification list is required in all cases where inputs are cleared as such.
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