Dear Experts,
We are located Unit in SEZ and our activity is manufacturing mould. Now we want to sell mould to one of our SEZ which is also located in Tamil Nadu. Now the Customs Officer is requested to produce cost break up for the mould as per Customs Act. Please clarify do we need to provide cost break because it is not second hand mould.
Regards
Panch
Clarification Needed: Cost Breakdown Required for Mold Sales Between SEZ Units Under Customs Act for GST Purposes A unit in a Special Economic Zone (SEZ) in Tamil Nadu, involved in manufacturing molds, sought clarification on whether a cost breakdown is required when selling a mold to another SEZ unit. The Customs Officer requested this breakdown under the Customs Act. An expert clarified that a cost breakdown is necessary to determine the final product cost for GST payment, especially when goods are transferred within the same firm or cleared for industrial purposes, known as captive consumption. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
