Procedure to send tools and dies into vendor for production

[Sanjeev Kashyap]

Can some one help me to tell the procedure for sending Tools and Dies into vendor premises for production, without any cost involved as RGP !!

 

Thanks,

Sanjeev Kashyap

AI Summary

Sending tools and dies to vendor permitted; tool cost must be amortised into assessable value on removal.
Tools and dies can be sent to a vendor for production on the manufacturer's specification; their cost must be amortised into the assessable value of the inputs/components at the time those goods are removed from the vendor's premises.