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Central Excise - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Valuation - Undervaluation of vehicles - The value of chassis ...


Motor Vehicle Valuation Must Use Chassis Value per Rule 8, Not Actual Cost, to Prevent Undervaluation.

October 25, 2013

Case Laws     Central Excise     AT

Valuation - Undervaluation of vehicles - The value of chassis for the purpose of arriving at the assessable value of the complete motor vehicle shall be the assessable value of the chassis worked out by Eicher under Rule 8 of the Excise Valuation Rules, and not its actual cost - AT

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