Economics · Taxation in India
In the context of excise duty valuation, which specific term refers to the 'notional value' fixed by the Government for a product, upon which tax is paid regardless of the actual sale price?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ad-valorem Value
- 2MRP-Based Valuation
- 3Tariff Value✓
- 4Transaction Value
Correct answer
Tariff Value
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