Economics · Economy
Under Section 4 of the Central Excise Act, 1944, 'Transaction Value' for assessing excise duty primarily refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Average market price of similar goods
- 2Actual price paid or payable for the goods when sold between unrelated parties✓
- 3Maximum Retail Price (MRP) printed on the goods
- 4Price fixed unilaterally by the Government
Correct answer
Actual price paid or payable for the goods when sold between unrelated parties
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