TaxTMI 
TaxTMI 
amortization cost is applicable on foc sale
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....mortization cost is applicable on foc sale<br> Query (Issue) Started By: - sagar shekhar Dated:- 26-8-2015 Last Reply Date:- 31-8-2015 Central Excise<br>Got 2 Replies<br>Central Excise<br>dear sir, i....
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.... have send some part on FOC invoice to our customer can you please confirm amortization is applicable or not Reply By YAGAY AND SUN: The Reply: Yes, it is applicable. Since Excise duty is on remova....
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....l, not on sales of goods. Reply By PARTHASARATHY V: The Reply: When the Mould, Dies or other products provided to manufacture of agreed product, which will cover under the Valuation Rule 6 of 2006 (....
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.... which includes technical drawing, kowhow etc). Clearance made from supplier must suffer excise duty, whether it is for sale or FOC. Excise duty to be charged along with amortization cost for the good....
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....s cleared.<br> Discussion Forum - Knowledge Sharing ....