Duty based on tariff value

Valuation on basis of Retail Sales Price →
Excise
Valuation

What is Tariff Value

Last updated at April 16, 2024 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

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.