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About assessable value & transaction value in case of excise

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(Querist)
23 May 2013 sir,
what is mean by AV & with regarding to excise duty calculation.Please give me difference among them
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2013 Transaction value is the normal value which assessee doing the transactions

Assessable value is the value arrived after any addition or deduction as per the act
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 July 2013 Yews I agree with the expert. The best example of assessable value is job work done on behalf of others.and transaction value is own manufactured goods are sold in the open market.
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