Foundry Industries - Calculation of assessable value of castings - Addition of value of patterns supplied by the buyers in the assessable value

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....F.No. 6/14/94-CX.1] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Foundry Industries - Calculation of assessable value of castings - Addition of value of patterns supplied by the buyers in the assessable value. It has been brought to the notice of the Board by Maharashtra Chambers of Commerce & Industry that there is difficulty in determination of value o....

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....culty in apportioning the cost of pattern in the assessable value of the casting. However, a few Commissioners have expressed difficulty in apportionment of the cost in cases where old patterns are supplied by the buyers of the castings to the job worker and when patterns are returned back to the buyers. 3. The matters has been examined and it is hereby clarified that the proportionate cost of pa....