Assessable value must be based on cost price plus expenses, not sale price with 20% profit margin.

Assessable value must be based on cost price plus expenses, not sale price with 20% profit margin. https://www.taxtmi.com/highlights?id=18531 Determination of assessable value - the basis of determining the assessable value on the basis of sale price giving margin of 20% of profit on the sale price is to be ignored when we are having the cost price including the expenses incurred by assesse - AT en-us Mon, 12 May 2014 12:12:29 +0530 Mon, 12 May 2014 12:12:29 +0530 TaxTMI RSS Generator Assessable value must be based on cost price plus expenses, not sale price with 20% profit margin. https://www.taxtmi.com/highlights?id=18531 Determination of assessable value - the basis of determining the assessable value on the basis of sale price giving margin of 20% of profit on the sale price is to be ignored when we are having the cost price including the expenses incurred by assesse - AT Highlights Customs Mon, 12 May 2014 12:12:29 +0530 https://www.taxtmi.com/highlights?id=18531