Excisable goods valuation: normal transaction value governs price determination and includes buyer provided consideration when price is not sole consideration. Value of excisable goods is determined by reference to the assessee's sales, using the normal transaction value of like goods sold at or about the time nearest to removal, with reasonable date adjustments. If price is not the sole consideration, transaction value is increased by the money value of additional consideration from the buyer (including materials, tools, packaging, and outside engineering or design). Special provisions address sales from depots, use in manufacture, related party or inter connected undertaking sales, and permit reasonable means if the rules do not yield a value.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excisable goods valuation: normal transaction value governs price determination and includes buyer provided consideration when price is not sole consideration.
Value of excisable goods is determined by reference to the assessee's sales, using the normal transaction value of like goods sold at or about the time nearest to removal, with reasonable date adjustments. If price is not the sole consideration, transaction value is increased by the money value of additional consideration from the buyer (including materials, tools, packaging, and outside engineering or design). Special provisions address sales from depots, use in manufacture, related party or inter connected undertaking sales, and permit reasonable means if the rules do not yield a value.
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