TaxTMI 
TaxTMI 
dear sir,
i have send some part on FOC invoice to our customer can you please confirm amortization is applicable or not
amortization cost is applicable on foc sale
26 Aug 2015 
2 Replies 
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Amortization cost applicability: amortization must be included in excise valuation and charged on free-of-cost clearances.
Amortization cost must be included in the assessable value for excise where moulds, dies or related technical inputs cleared to a customer-including free of cost supplies-fall within the valuation rule for such inputs; excise duty is leviable on removal and such clearances must be charged to duty with amortization added to the taxable value. (AI Summary)
Amortization cost must be included in the assessable value for excise where moulds, dies or related technical inputs cleared to a customer-including free of cost supplies-fall within the valuation rule for such inputs; excise duty is leviable on removal and such clearances must be charged to duty with amortization added to the taxable value. (AI Summary)