How are rented or leased goods to be treated for valuation purposes?
By  sakshi jaiswal  |  28 Nov 2016  |  Upvotes: 0  | 

1 Answer(s)

Ravindra Purohit

Hire or leasing transactions do not constitute sales, even if the contract allows an option to purchase the goods. Therefore, in such cases the transaction value method cannot be applied and recourse has to be taken to other methods of valuation.

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