Central excise valuation definitions clarify normal transaction value and statutory value for determining taxable price. Central excise valuation rules designate the Act as the governing enactment, define normal transaction value as the transaction value at which the greatest aggregate quantity of goods are sold, define value as the amount referred to in the statutory valuation provision, and provide that terms undefined in the rules but defined in the Act take their meanings from the Act.
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Provisions expressly mentioned in the judgment/order text.
Central excise valuation definitions clarify normal transaction value and statutory value for determining taxable price.
Central excise valuation rules designate the Act as the governing enactment, define normal transaction value as the transaction value at which the greatest aggregate quantity of goods are sold, define value as the amount referred to in the statutory valuation provision, and provide that terms undefined in the rules but defined in the Act take their meanings from the Act.
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