valuation of depot transfer

[Guest]

Dear experts if an assessee transfers excisable goods to its newly opened depot then how valuation shall be made.

[Mehul Pandya]

The assessable value in such case for the goods cleared from factory / warehouse shall be the normal transaction value of such goods at the depot.

AI Summary

Valuation of depot transfers: assessable value equals the normal transaction value at the depot for cleared goods. Where excisable goods are transferred by an assessee to a newly opened depot and cleared from the factory or warehouse, the assessable value is the normal transaction value of those goods at the depot.