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The value in respect of supply of goods i.e. Lenses, Frames, Sun Glasses, Contact Lenses as well as Reading Glasses, Complete spectacles by the applicant to distinct persons being branches outside the state of Tamil Nadu shall be the open market value of such supplies

Shanti Prime Publication Pvt. Ltd.

Valuation of Supply — The Applicants import as well as locally procure Lenses, Frames, Sun Glasses, Contact Lenses as well as Reading Glasses, Complete spectacles and are engaged in re-selling them. The Applicants sought Advance Ruling on “The value to be adopted in respect of transfer to branches located outside the State.” The Authority ruled out that The value in respect of supply of goods i.e. Lenses, Frames, Sun Glasses, Contact Lenses as well as Reading Glasses, Complete spectacles by the applicant to distinct persons being branches outside the state of Tamil Nadu shall be the open market value of such supplies that is available as per of Rule 28(a) and Explanation (a) to Chapter IV of CGST/TNGST Rules 2017 read with Section 15 of the CGST/TNGST Act 2017. — Specsmakers Opticians Private Limited, Re…. [2019] 13 TAXLOK.COM 085 (AAR-Tamil Nadu)