valution under central ecxise

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..... whether royalty paid to state 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 .....

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..... - The Reply = Yes, value of royalty 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 D .....

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..... ictionary, Royalty is compensation 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 "transa .....

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..... ction value". Accordingly, no deduction would be admissible while computation of the AV for payment of excise duty. - valution under central ecxise - Query Started By: - MOHAMED RAFIQ Dated:- 27- .....

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..... 4-2012 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t .....

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..... axmanagementindia.com - TMI - TaxTMI - TMITax .....

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