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Rule for value of Excisable Goods.

Central Excise - Started By: - Kunal Pawar - Dated:- 2-12-2015 Last Replied Date:- 5-12-2015 - Sir, If a manufacturer clearing 95% of his finished goods to the related buyer and remaining 5% to other independent buyers, then under what Rule of Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000, the value of the Excisable goods will be determined. - Reply By KASTURI SETHI - The Reply = Goods sold/cleared to related buyer will be assessed under Rule 9 of Central Excis .....

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f Sh.Vishal Kulkarni and M/s. YAGAY and SUN.Thanks a lot for additional information. - Reply By Kunal Pawar - The Reply = Thank you, Shri Kasturi Sir and all. But, I want to clarify that the sale made by manufacturer is to a trading company having his family members as Directors and the company is doing advertisement and promotional activities and subsequently, selling the goods at higher rates. In this circumstance, what prices would be the value for the purpose of Central Excise, selling price .....

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more information on Depreciation which is required to be added or not required to be added vis-a-vis to Nirma Judgment for the sake of clarity on this aspect.Thanks in advance for putting more clarity on this subject matter.Regards,YAGAY and SUN - Reply By Rakesh Singh - The Reply = Dear YS,Relevant Para of the Hon'ble Supreme Court judgment is reproduced below:- The impugned order of the tribunal shall reflect that the Tribunal has kept in mind the Cost Accounting Standard-4 (CAS-4) as adop .....

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ation with the product manufacturing process and not other Depreciation i.e Administration and marketing related. Therefore the Judgment read with Tribunal conclusions is the right position as per CAS-4 as well.regardsRakesh Singh - Reply By KASTURI SETHI - The Reply = Dear Sh.Dilip Kudal, With reference to your reply dated 3.12.2015, I want to point out that Rule 9 of Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 also talks of Rule 8 ibid i.e. for determinatio .....

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