TMI Blogvaluation-duty paymentX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sirs, We are selling 90 percent of our product to our subsidiary company, which in turn sells them to various (unrelated)end customers (at varying prices). The remaining 10 percent is sold to outsiders. If the selling price is the same (to the subsidiary and outsiders), whether we have to follow the 110 percent of Cost of Production method for paying Central Excise Duty? If the sale val ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue is different, what are the provisions for determining excise duty to be paid? thanks and regards. - Reply By Pradeep Khatri - The Reply = Please check the Rule 10 and Rule 9 of the valuation rule in this regard. - Reply By Naveed S - The Reply = It is of no relevance whether the sale price for subsidiary company as well as outsiders are same or different. What is relevant is that you h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ave to follow the 110 per cent of Cost of Production method for payment of Excise Duty, when your product is sold to a related person.Also, the oost of production is to be arrived based on the CAS 4 accounting method. - Reply By Naveed S - The Reply = In your case, as regards sale of goods to your subsidiary company, who in turn are selling the same goods to other end customers, Rule 9 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Valuation rules shall apply.. - valuation-duty payment - Query Started By: - Dalia Felix Dated:- 11-2-2014 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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