Assessable value determination seeks clarity on using depot versus factory gate price for excise valuation. Whether the depot price or the factory gate price should serve as the basis for arriving at the assessable value is queried; authorities are asked to report for each manufacturer the sales split between factory gate and depots, the percentage by which depot wholesale exceeds factory gate wholesale, the current valuation practice adopted, details of any litigation or stay orders and the present status, and estimated revenue implications if depot price were used instead of factory gate price.
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Provisions expressly mentioned in the judgment/order text.
Assessable value determination seeks clarity on using depot versus factory gate price for excise valuation.
Whether the depot price or the factory gate price should serve as the basis for arriving at the assessable value is queried; authorities are asked to report for each manufacturer the sales split between factory gate and depots, the percentage by which depot wholesale exceeds factory gate wholesale, the current valuation practice adopted, details of any litigation or stay orders and the present status, and estimated revenue implications if depot price were used instead of factory gate price.
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