Tooling procedure

[Mridul Sethi]

Pls clear me the tooling procedure in excise, how we calculate the perunit toolcost & how charge in bills...Mridul

AI Summary

Clarification Sought on Tooling Procedure for Central Excise: Include Amortized Tool Costs in Excise Valuation Per Central Excise Act 2000. A participant in a discussion forum sought clarification on the tooling procedure in relation to central excise, specifically how to calculate and charge per-unit tool costs. One respondent explained that if a customer pays separately for tooling, the cost should be amortized and included in the excise valuation according to the Central Excise Act 2000. Another respondent provided a detailed example of calculating amortization costs, emphasizing that tooling costs supplied by the buyer must be included in the assessable value for excise duty but not for sales tax valuation, referencing a legal case to support this point.