Sales through depots targeted for identification to enable commodity wise specific duty rates and prevent undue tax benefit. Identification of commodities sold through depots is required to inform formulation of specific rates of duty and to prevent undue benefit from depot sales. Field formations must compile commodity level data in a prescribed table covering tariff headings, proportions of factory gate and depot sales, assessable values, wholesale depot prices, current duty rates, manufacturer details and suggested specific rates, and furnish comments and suggestions to support assessment, classification and possible legislative amendment.
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Sales through depots targeted for identification to enable commodity wise specific duty rates and prevent undue tax benefit.
Identification of commodities sold through depots is required to inform formulation of specific rates of duty and to prevent undue benefit from depot sales. Field formations must compile commodity level data in a prescribed table covering tariff headings, proportions of factory gate and depot sales, assessable values, wholesale depot prices, current duty rates, manufacturer details and suggested specific rates, and furnish comments and suggestions to support assessment, classification and possible legislative amendment.
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