https://www.taxtmi.com/acts?id=20021 The standard prescribes valuation of packing material receipts at purchase price inclusive of directly attributable procurement costs (net of recoverable credits), excludes finance costs, demurrage and penalties, fixes forex at transaction date for imports, and requires consistent issue valuation methods (FIFO, LIFO, weighted average). Self manufactured and captive consumptions are valued including direct costs and appropriate overhead shares; normal loss and scrap are absorbed or deducted, while material and quantifiable abnormal costs are excluded. en-us Fri, 11 Sep 2015 17:45:14 +0530 Fri, 11 Sep 2015 17:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20021 The standard prescribes valuation of packing material receipts at purchase price inclusive of directly attributable procurement costs (net of recoverable credits), excludes finance costs, demurrage and penalties, fixes forex at transaction date for imports, and requires consistent issue valuation methods (FIFO, LIFO, weighted average). Self manufactured and captive consumptions are valued including direct costs and appropriate overhead shares; normal loss and scrap are absorbed or deducted, while material and quantifiable abnormal costs are excluded. Act-Rules Companies Law Fri, 11 Sep 2015 17:45:14 +0530 https://www.taxtmi.com/acts?id=20021