Assessable value for nil rate products

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manju (Querist)
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30 May 2013 What is the assessable value of the product whichs duty rate is Nil. MRP is 180/- selling rate is 85.

Regards,
HN Manjunatha

Madhukar N Hiregange (Expert)
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03 June 2013 If it falls under MRP based valuation [ unlikely] then MRP less abatement fixed. If not then transaction value - 85/-.

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