is there any difference between assessable value and value of excisable goods.
thanks in advance
C.A. LINESH PATIL (CA) (910 Points)
15 October 2010is there any difference between assessable value and value of excisable goods.
thanks in advance
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.
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