TMI BlogForms and Accoutability of Free issue/ unpacked value clerance-regX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts/ Members, I am working in a EPC company and we face the below mentioned situations due to contractual requirements. Kindly clarify. Let Say A, B, C are independent business entities. B has got an EPC contract from X. for 100 L B has ordered some parts with A for manufacturing INR. 20L and asking A to dispatch C. B pays A and issues C-Form to A and Got E-1 Form for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his transaction of 20L. B has ordered another part with C for manufacturing of INR. 25L. C Manufactureres his part and as per instruction of A assessmbles parts from A Also. C avails Cenvat portion of goods received from A and credits in B s account by a credit note. C raises the bill of 20L+25 L( his mfg value+ goods from A value) to X as per instruction of the B to comply with valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation rule of Central Excise. C issues another credit note for material received say 20 L+ SalesTax. C receiving a payment from B after adjustment of credits notes given to B to the value of his bill for this transaction. Please clarify: How much value B should issue C- Form to C? How purchase from A should be adjusted in the purchase account? How purchases from C should be tre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated in accounting?. How much purchase should be shown in books of accounts? Thank you Ravikumar +91-94861 80815. - Reply By Pradeep Khatri - The Reply = Though I am trying to find answer for your query. Please make your query bit simpler, if possible for you. - Forms and Accoutability of Free issue/ unpacked value clerance-reg - Query Started By: - ravikumar venkatraman Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 13-12-2012 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - 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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