Value in case of exchange or barter :
In case of exchange or barter, the actual value of goods is higher that the amount received for such exchange e.g. exchange of old mixer or computer for new mixer or computer. In such case, the real price of such goods should be considered, as illustrated below.
Where a new phone is supplied for Rs. 20000 along with the exchange of an old phone and if the price of the new phone without exchange is Rs. 24000, the open market value of the new phone is Rs 24000 – Illustration 1 to Rule 1.
Where a laptop is supplied for Rs. 40000 along with a barter of printer that is manufactured by the recipient and the value of the printer known at the time of supply is Rs. 4000 but the open market value of the laptop is not known, the value of the supply of laptop is Rs. 44000 – Illustration 2 to Rule 1.
The first illustration is correct but second illustration does not appear to be correct as it is not barter all.