Valuation
This query is : Resolved
CA Raman Goel
(Querist)
16 August 2011
RULE-11 of CEVR,2000 and RULE-7 of CEA,1944 TALKS ABOUT value means when value can not be determined by assessee then what rule should be followed first.in which situations they can be used?
U S Sharma
(Expert)
17 August 2011
under all circumstances the invoice value is assessable value, and it should not be below 115% of input value
18 August 2011
I agree with the expert but he 115% is not clear to me unless the respective section or clause or chapter is mentioned
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