Dear Frndz,
Pls tell me definition of Transaction Value in simple language with simple example
Manoj Nivdunge (Service) (75 Points)
07 December 2009Dear Frndz,
Pls tell me definition of Transaction Value in simple language with simple example
P.Bashista
(Advocate)
(367 Points)
Replied 07 December 2009
In simple words transaction value is the one at which the goods are cleared from the factory.
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 08 December 2009
In simple words a price at which goods are sold, but as excise is on removal frm the factory. this price is suitably adjusted for taxes paid, transport charges and other adjustments.. so that we can get a price on which goods are cleard frm the factory..
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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