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    <title>Valuation of Excisable goods – An overview</title>
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    <description>Valuation of excisable goods establishes the taxable base for excise duty by either specific (quantity-based) measures or value-based methods: tariff value fixed by notification, transaction (assessable) value where statutory conditions are met, and retail sale price (MRP) valuation after allowable deductions. Packaging tolerances are recognised through maximum permissible error. A notified Compound Levy Scheme permits payment on specified factors at fixed rates for designated goods and may exclude such goods from SSI exemption.</description>
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