About assessable value & transaction value in case of excise
This query is : Resolved
23 May 2013
sir,
what is mean by AV & with regarding to excise duty calculation.Please give me difference among them
what is mean by AV & with regarding to excise duty calculation.Please give me difference among them
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
Assessable value is the value arrived after any addition or deduction as per the act
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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