1. Excise
  2. Valuation
  3. Duty based on tariff value

What is Tariff Value

Last updated at May 29, 2018 by

Central Government has the power to fix tariff values in respect of some goods

Such tariff value may be

  • different for different types of goods
  • different for different types of manufacturers

Duty is levied as % of tariff value in these cases

  1. Excise
  2. Valuation

    3. Duty based on tariff value

    Valuation on basis of Retail Sales Price →

Duty based on tariff value

Valuation on basis of Retail Sales Price →
Excise
Valuation

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.