About assessable value & transaction value in case of excise

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subodh

subodh (Querist)
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23 May 2013 sir,
what is mean by AV & with regarding to excise duty calculation.Please give me difference among them

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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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