hi.could you please clarify my doubt regarding the calculation of assessable value in central excise in relation to discount.i didnt understand what does the word inclusion/exclusion to transaction value actually mean...especially discount...could you please explain me how it is done in practical life...
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 December 2010
transaction value / invoice value is final in excise, so any discount allowed must be taken prior to invoice.
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