Notional Profit Deduction Allowed in Assessable Value for Central Excise if Bought-Out Items' Make is Unjustified.

Notional Profit Deduction Allowed in Assessable Value for Central Excise if Bought-Out Items' Make is Unjustified. https://www.taxtmi.com/highlights?id=38204 Valuation - deduction of notional profit where value of bought out items is included - Since there is no justification to include the make of bought out item, there can be no objection to the notional profit being deducted from the assessable value. - AT en-us Tue, 06 Mar 2018 07:24:04 +0530 Tue, 06 Mar 2018 07:24:04 +0530 TaxTMI RSS Generator Notional Profit Deduction Allowed in Assessable Value for Central Excise if Bought-Out Items' Make is Unjustified. https://www.taxtmi.com/highlights?id=38204 Valuation - deduction of notional profit where value of bought out items is included - Since there is no justification to include the make of bought out item, there can be no objection to the notional profit being deducted from the assessable value. - AT Highlights Central Excise Tue, 06 Mar 2018 07:24:04 +0530 https://www.taxtmi.com/highlights?id=38204