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Imported free of cost material for job work in EOU

Central Excise - Started By: - RAJENDRA RANE - Dated:- 5-11-2015 Last Replied Date:- 31-3-2016 - Sir / Madam ,We have a customer from USA who has sent us USA origin raw material free of cost to our EOU unit for job work. We will add indian origin raw material and produce final product . We will eventually export this product to customer . He wants us to only charge for the Indian origin raw material and processing cost . How do we proceed on this situation as our excise officers are not aware of .....

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transaction value and proper duty has to be worked out and mentioned on the invoice as well as prescribed Form ARE-1 for export. While computing assessable value you will have to take into account landed cost of raw material (including imported and indigenous) and other elements for payment of proper duty (though not to be paid on for the purpose of export), otherwise there will be no correct transaction value and correct duty and hence correct amount of receipt of foreign exchange.After you wi .....

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