TaxTMI 
TaxTMI 
valution under central ecxise
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....alution under central ecxise<br> Query (Issue) Started By: - MOHAMED RAFIQ Dated:- 27-4-2012 Last Reply Date:- 2-5-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>whether royalty paid to sta....
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....te 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: The Reply: Yes, value of roy....
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....alty 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 Dictionary, Royalty is compensation p....
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....aid 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 "transaction value". Accordingly, no deduct....
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....ion would be admissible while computation of the AV for payment of excise duty.<br> Discussion Forum - Knowledge Sharing ....