Applicability of CAS-4 for Sale of goods from Warehouse.

[Asked by Guest]

Dear All,

Good Morning.

1) Is CAS -4,applicable for Sale of goods from Ware house?

In our case we are manufacturing product and sending product to warehouse,At warehouse We are packing them and affixing same price which is at factory only.

Now the Excise Dept asking for CAS-4,certification from Cost Accountant .is it required?

Thanks in advance.

AI Summary

CAS-4 certification not required for warehouse sales without price variation, though cost structure may be requested for verification.
Where excisable goods are manufactured, sent to a warehouse and sold there at the same factory-set price without price variation or further manufacture or transfer, CAS-4 certification is not required because Rule 7 and Rule 8 of the Central Excise Valuation Rules and the nearest-point-in-time valuation principle are not engaged; however, the department may still request a Cost Structure Certificate for cross-verification to check for potential revenue leakage.