Market value of agricultural produce is the average price at which it was sold in the relevant previous year. Determination of market value for agricultural produce sold in the market depends on whether the produce is ordinarily sold in its raw state or after customary processes by the cultivator or recipient of rent in kind; where so, market value is the average price at which the produce was sold during the relevant previous year.
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Market value of agricultural produce is the average price at which it was sold in the relevant previous year.
Determination of market value for agricultural produce sold in the market depends on whether the produce is ordinarily sold in its raw state or after customary processes by the cultivator or recipient of rent in kind; where so, market value is the average price at which the produce was sold during the relevant previous year.
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