TaxTMI 
TaxTMI 
Dear Expert
Can you please tell the Difference between Assessable Value , Transaction Value & Invoice Value in Central Excise with example
Valuation in Central Excise
27 May 2013 
1 Reply 
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Transaction value determines central excise duty liability under current valuation rules, replacing assessable value considerations.
Assessable value historically reflected production cost, overheads and profit but is no longer used to compute duty; transaction value-the actual sale price between buyer and seller-is now the operative basis for calculating Central Excise Duty under current valuation rules; invoice value is the invoice amount comprising taxable value plus leviable taxes and is bounded by commercial terms like the purchase order. (AI Summary)
Assessable value historically reflected production cost, overheads and profit but is no longer used to compute duty; transaction value-the actual sale price between buyer and seller-is now the operative basis for calculating Central Excise Duty under current valuation rules; invoice value is the invoice amount comprising taxable value plus leviable taxes and is bounded by commercial terms like the purchase order. (AI Summary)