is there any difference between assessable value and value of excisable goods.
thanks in advance
1 Replies
Hemu Kapoor
(CA - Final Student)
(158 Points)
Replied 15 October 2010
In my opinion assessable value is the value determined by Central excise Rules in case of a dispute while value of excisable goods is a term used more casually rather than in the stricter sense...
In common parlance
Value as decided by the assessee : value of excisable goods
Value as decided by the Excise authorities in conjunction of the rules of Central Excise : Assessable Value.
Regards.
Recent Topics
- Is GST applicable on services rendered to overseas
- TIMING OF TDS ENRY IN BOOKS OF ACCOUNTS
- GST ITC Eligibility on Services
- Taxability on selling shares in 1 demat account an
- We file income tax return fy 2006-2007 but tds ben
- Order received from Overseas company to deliver ma
- Maintenance of the Register of Member in Case of P
- TDS on gift from real brother into NRO account - s
- Treatment of Branch transfers under GST to differe
- GST department monitoring financial transactions U
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
