PART IV

RETURNS, STATEMENTS, ASSESSMENTS, PAYMENT AND RECOVERY

Furnishing returns and statements

Rule 36. For the purposes of this Part, “net value” shall mean.-

(1) with respect to sales within the State, the aggregate of amounts mentioned in clauses (a) to (e) of sub-rule (1) of rule 3, less deductions specified in sub-rule

(2) of rule 3, excluding that mentioned in clause (d);

(2) with respect to sales in the course of inter-state trade or commerce, the turnover as determined under the provisions of the Central Sales Tax Act 1956 (Central Act. 74 of 1956) ;

(3) with respect to goods transferred or despatched outside the State, otherwise than by way of sale, their value less any cost of freight, insurance and similar charges, accounted for by the dealer in the document of transfer;

(4) with respect to sales of goods in the course of export out of the territory of India, or imported into the territory of India, their value less any cost of freight, insurance and similar charges, accounted for by the dealer in the bill of sale; and

(5) with respect to purchases or receipts of goods other than by way of purchase, their value on which tax is charged by the seller or their value less any cost of freight, insurance and similar charges, mentioned on the document of transfer.