https://www.taxtmi.com/acts?id=32103 The amendment requires that where warehoused goods are sold before clearance, the value for calculating integrated tax and compensation cess is the higher of the value determined under the existing valuation sub-section or the transaction value; for part sales a proportionate value applies, and where goods are sold multiple times the transaction value of the last sale governs. Unsold goods remain valued under existing provisions. "Transaction value" is defined as the amount paid or payable as consideration for the sale. en-us Mon, 19 Mar 2018 15:36:39 +0530 Mon, 19 Mar 2018 15:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32103 The amendment requires that where warehoused goods are sold before clearance, the value for calculating integrated tax and compensation cess is the higher of the value determined under the existing valuation sub-section or the transaction value; for part sales a proportionate value applies, and where goods are sold multiple times the transaction value of the last sale governs. Unsold goods remain valued under existing provisions. "Transaction value" is defined as the amount paid or payable as consideration for the sale. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 15:36:39 +0530 https://www.taxtmi.com/acts?id=32103