We know that
Tax = Rate * Amount
Determining this amount on which Rate of duty is charged is called Valuation
There are different methods of Valuation prescribed in Central Excise Act,
These are called Basis of Computing Duty Payable
Different Methods of Valuation
Last updated at April 16, 2024 by Teachoo
We know that
Tax = Rate * Amount
Determining this amount on which Rate of duty is charged is called Valuation
There are different methods of Valuation prescribed in Central Excise Act,
These are called Basis of Computing Duty Payable