Court Rules Design Drawings Lacking Intrinsic Value Excluded from Product Valuation for Tax Assessment.

Court Rules Design Drawings Lacking Intrinsic Value Excluded from Product Valuation for Tax Assessment. https://www.taxtmi.com/highlights?id=40970 Valuation - inclusion of cost of design and drawing - The drawings supplied by the customers being only dimensions of the components could therefore have no value - there is no justification to hold that the cost of drawings supplied by the customers is required to be included in the assessable value of the final product. en-us Wed, 22 Aug 2018 08:00:05 +0530 Wed, 22 Aug 2018 08:00:05 +0530 TaxTMI RSS Generator Court Rules Design Drawings Lacking Intrinsic Value Excluded from Product Valuation for Tax Assessment. https://www.taxtmi.com/highlights?id=40970 Valuation - inclusion of cost of design and drawing - The drawings supplied by the customers being only dimensions of the components could therefore have no value - there is no justification to hold that the cost of drawings supplied by the customers is required to be included in the assessable value of the final product. Highlights Central Excise Wed, 22 Aug 2018 08:00:05 +0530 https://www.taxtmi.com/highlights?id=40970