Goods are sold

(not supplied free of cost)


Price is sole consideration

(No Consideration in kind for goods i.e  no exchange or barter system)


Buyer and seller are not related

(if related, seller may charge less price)


Sale is at time and place of removal

(Sale from jobworkers premises etc not covered)


If any of condition not fulfilled, then valuation to be done as per Central Excise Valuation (Determination of Price of Excisable Goods) Rules,2000

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.