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Valuation Audit Under Central Excise Act - tnkpsc.com

Valuation Audit Under Central Excise Act - tnkpsc.com

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Under the Central Excise Act, 1944, where the excise duty has been charged on advalorem basis, there are three methods of valuation – one is tariff value under sec. 3 (2), second is valuation based on MRP and the last method is the valuation based on transaction value.

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