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Material Assessable Value

Former Member
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In J1ID do we maintain "Material Assessable Value" screen in TAXINN?

If yes then whats its impact (NDP & Ass Value)?

reagrds

VS

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi

Material A.V. and Net Dealer Price (NDP) are not mandatory.

However, if you maintain this amount, at the time of creating SC Challan, the A.V. is populated from this field to calculate the value of Excise for which you can avail Cenvat Credit.

It is enough to fill the A.V. because this amount is what is certified by the Auditor.

Thanks

Answers (1)

Answers (1)

Former Member
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If u maintain the Assessable Value then at the Time of Creation of Subcontracting Challan Excise amount will be calculated.

Regards

Biswajit