Assessable value

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Raju (Querist)
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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.

Arun Kumar Singh

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

Vishnu Saboo

Vishnu Saboo (Expert)
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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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