Deduction of Cost of Transportation for the Return Journey- reg.

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....xcise, Director General of Central Intelligence, All Commissioners of Central Excise, All Commissioners of Customs, All Commissioners of Central Excise (Appeal) All Commissioners of Customs ( Appeals) [email protected]          Subject: Deduction of Cost of Transportation for the Return Journey- reg. 1. I am directed to refer....

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....he return journey of the empty truck/vehicle should also be allowed as deduction. As per Rule 5 of the Valuation Rules the actual cost of transportation from the place of removal up to the place of delivery is only to be excluded.  If the assessee is recovering an amount from the buyer towards the cost of return fare of the empty vehicle from the place of delivery, this amount will not be ....