GST Valuation Must Include Free Issue Materials in Aircraft Assembly and Supply Contracts.

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Full Text of the Document

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....Valuation - business of assembly, manufacture and supply of aircrafts - supply under the contract between the applicant & Airbus - the value to be adopted for the purpose of payment of GST in respect of 40 aircraft will include the supply made free of cost by Airbus i.e. will include the value of FIMs also. - AAR....