Deduction of Cost of Transportation for the Return Journey- reg.

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..... Intelligence, All Commissioners of Central Excise, All Commissioners of Customs, All Commissioners of Central Excise (Appeal) All Commissioners of Customs ( Appeals) webmaster@cbec.gov.in Subject: Deduction of Cost of Transportation for the Return Journey- reg. 1. I am directed to refer to Board's Circular No. 643/34/2002 -CX dated 1.7.2002 clarifying certain points r .....

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..... As per Rule 5 of the Valuation Rules the actual cost of transportation from the place of removal up to the place of delivery is only to be excluded. If the assessee is recovering an amount from the buyer towards the cost of return fare of the empty vehicle from the place of delivery, this amount will not be available as a deduction. If, however, only the cost of transportation has been indicated .....

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