TaxTMI 
TaxTMI 
WHETHER FREE OF COST ISSUE EXCISABLE GOODS ATTRACTS EXCISE DUTY?
Excise duty - free of cost goods
19 Jul 2008 
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Valuation of excisable goods: free-of-cost inputs must be included in assessable value for excise duty.
Cost of materials supplied free of cost used in the manufacture of excisable goods must be included in the assessable value for valuation and payment of excise duty, because free-of-cost inputs that form part of the manufacturing process are treated as value added to the finished excisable goods. (AI Summary)
Cost of materials supplied free of cost used in the manufacture of excisable goods must be included in the assessable value for valuation and payment of excise duty, because free-of-cost inputs that form part of the manufacturing process are treated as value added to the finished excisable goods. (AI Summary)