Where the supply of goods or servicesor both is for a consideration not wholly in money, the value ofthe supply shall,-
(a) be the open marketvalue of such supply;
(b) if the open market value is not available under clause(a), be the sum total of consideration in money and any such further amount in money as is equivalent to the consideration not in money, if such amount is knownat the time of supply;
634 (2) Ream usta, ferie 30 FA 2017 Be
(c) if the value of supply is not determinable under clause (a) or clause (b), -be the value of supply of goodsor services or both oflike kind and quality;
(d) if the value is not determinable under clause (a) or clause (b) or clause
(c), be the sum total of consideration in money and such further amount in money that is equivalent to consideration not in money as determined by the application of rule 30 or rule 31 in that order.
Illustration:
(1) Where a new phoneis suppliedfor twenty thousand rupees along with the exchange of an old phone and if the price of the new phone without exchange is twenty four thousand rupees, the open market value of the new phone is twenty four thousand rupees.
(2) Where a laptop is supplied for forty thousand rupees along with the barter of a printer that is manufactured by the recipient and the value ofthe printer known at the time ofsupply is four thousand rupees but the open market value ofthe laptop is not known, the value ofthe supply ofthe laptop isfortyfour thousand rupees.