Tools for Job Work u/r 4(5)(a) Exempt from Excise Duty; No Amortization Cost in Valuation Required. (5)(a.

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....Valuation - The tools were used for manufacture of components under job work in terms of Rule 4(5)(a). In such case no excise duty is payable. Therefore, no question of inclusion of amortisation cost of the tools arise. - AT....