valuation of depot transfer

[Asked by Guest]

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

AI Summary

Depot valuation rule: transaction value at depot determines assessable value; nearest time may be subsequent to removal.
Valuation for goods transferred to a depot is determined under Rule 7 by the normal transaction value of goods sold from that depot at or about the same time; if no such contemporaneous sale exists, the sale price at the nearest point of time-potentially subsequent to the date and time of removal-may be used to fix the assessable value for excise duty and finalize provisional assessments.