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amortization cost is applicable on foc sale, Central Excise

Issue Id: - 109079
Dated: 26-8-2015
By:- sagar shekhar

amortization cost is applicable on foc sale


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dear sir,

i have send some part on FOC invoice to our customer can you please confirm amortization is applicable or not

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 27-8-2015
By:- YAGAY AND SUN

Yes, it is applicable. Since Excise duty is on removal, not on sales of goods.


2 Dated: 31-8-2015
By:- PARTHASARATHY V

When the Mould, Dies or other products provided to manufacture of agreed product, which will cover under the Valuation Rule 6 of 2006 ( 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 goods cleared.


Page: 1

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