Hi
can some body help me by providing solution to my query.
As per section 2(f)(iii) packing, repacking, labeling, relabeling amounts to manufacture. If a manufacturer transfers pre-packed goods (which contains all the details required under Legal Metrology) to its sister concern for repacking or bundeling or labeling, relabeling what will be the valuation is it under section 4 or 4A or any Valuation rules applies. Section 4A co-related with Legal Metrology Act & rules made thereunder.As per rule 3 (b) of Legal Metrology(packed commodity)rules, 2011 LM rules are not applicable to industrial supplies
Normally transfer of goods to sister concern falls under rule 8 of valuation rules, 2000 i.e. cost+10%. is this applicable to above activity.
Regards
Ajay
