valution under central ecxise

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..... valution under central ecxise
Query (Issue) Started By: - MOHAMED RAFIQ Dated:- 27-4-2012 Last Reply Date:- 2-5-2012 Central Excise
Got 2 Replies
Central Excise
whether royalty paid to st .....

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..... ate govt.for extraction of ,minerals is a statutory levy or tax.if so,while calculating excisable value the value of royalty canbe excluded Reply By NEERAJ KUMAR, RANCHI: The Reply: Yes, value of ro .....

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..... yalty should be excluded while calculating total assessable value. Excise duty is paya ble excluding royalty. Reply By vijay kumar: The Reply: As per Black's Law Dictionary, Royalty is compensation .....

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..... paid for use of natural resources. Hence it doesn't seem to be a tax to get exclusion in terms of Section 4 of the Central excise act under the definition of "transaction value". Accordingly, no deduc .....

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..... tion would be admissible while computation of the AV for payment of excise duty.
Discussion Forum - Knowledge Sharing .....

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