https://www.taxtmi.com/caselaws?id=245502 For entry tax under the U.P. Tax on Entry of Goods into Local Areas Act, 2007, "value of goods" is determined at the point of entry by reference to the importer's purchase invoice or bill, together with specified incidental purchase and transport charges up to that stage. Charges arising after entry, including internal expenses and profit margin on local sale, are excluded from the taxable base. The subsequent sale price within the local area cannot replace the entry-stage value for ad valorem computation, and the view treating sale price as the taxable value was unsustainable. en-us Mon, 13 Jan 2014 00:00:00 +0530 Thu, 23 Jul 2015 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245502 For entry tax under the U.P. Tax on Entry of Goods into Local Areas Act, 2007, "value of goods" is determined at the point of entry by reference to the importer's purchase invoice or bill, together with specified incidental purchase and transport charges up to that stage. Charges arising after entry, including internal expenses and profit margin on local sale, are excluded from the taxable base. The subsequent sale price within the local area cannot replace the entry-stage value for ad valorem computation, and the view treating sale price as the taxable value was unsustainable. Case-Laws VAT and Sales Tax Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245502