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Assessable value

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(Querist)
18 July 2014 i heard that excise duties will be Caluclated on assessable value ?

how they will decide assessable value is this much for particular item...?

on which basis they will decide assessable value.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
18 July 2014 Assessable value is the transaction value of the goods.
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Vishnu Saboo

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Vishnu Saboo (Expert)
22 July 2014 Assesable Value is cost of goods i.e. it is material cost + non cenvatable portion of taxes + freight/other charges + sale tax (if no input credit admissible).
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