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

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.