Valuation
This query is : Resolved
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?
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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