valuation of depot transfer

[Hardeep Singh]

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

AI Summary

Assessable Value for Goods at New Depot: Use Normal Transaction Value for Factory or Warehouse Transfers. An individual inquired about the valuation process for excisable goods transferred to a newly opened depot. The response provided clarified that the assessable value for goods cleared from a factory or warehouse should be based on the normal transaction value of those goods at the depot.