Monday, November 15, 2010

AFTER-SALES SERVICE CHARGES AND INSPECTION COST TO BE INCLUDED IN COST OF GOODS FOR EXCISE DUTY LEVY

TThe freebies such as extended warranty and free maintenance and service thrown in with cars and
consumer durables will now be included in the costs of goods and taxed appropriately, pushing their prices higher. The apex indirect taxes body, the Central Board for Excise and Customs, has said after-sales service and pre-delivery inspection charges are to be included in the assessable value, the value on which excise duty is levied.

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