must be taken into consideration in determining whether one value "closely approximates" to another value. These factors include the nature of the imported goods ... might be acceptable in determining whether the transaction value closely approximates to the "test" values set forth in rule 4 (3) (b). Notes to rule
duty on the value of the complete wagons as delivered to the Railways as the free supply items like wheel sets, etc., upon which ... land into, any part of India as, and at the rates, set forth in the First Schedule:
Provided that the duties of excise which shall
Therefore, as far as the formation of belief that the fair market value was Rs. 40 lakh was concerned, the learned counsel submitted that ... This Circular expressly stated :
"The rules of evidence set forth in the preceding paragraph will apply at the stage of initiation of proceedings also
Table annexed to the
Notification and of the particular description set forth in
that Table. But paragraph 2 of the Notification declared:
"Nothing contained ... this notification shall apply to
a manufacturer,--
(i) if the aggregate value of clearances of all
excisable goods by him or on his behalf
make-all excisable goods subject to duty at the rate set forth in the Schedule to the Central Excise Tariff ... operation viz.'set-off procedure, 'Proforma credit procedure', another new procedure known as 'Modified Value Added Tax' (referred
business, it is open to the assessee to value the stock at cost or market value, whichever is lower. It was further held ... Tribunal, the Revenue has brought up this reference on the question set forth earlier in this order.
4. The main contention of Mr. K. Srinivasan
set forth in the memorandum of appeal; but the Tribunal, in deciding the appeal shall not be confined to the grounds set forth ... question as to what should be the proper written down value of the buildings, machinery etc. of the assessee for calculating the depreciation allowance under
duty on all excisable goods manufactured in India at the rates set forth in the First Schedule. Section 4 says that where the duty ... excise is chargeable on any excisable goods with reference to its value, such value shall be deemed to be the price at which such goods
March 1, 1986, was levied and collected at the rates set forth in its First schedule Aerated waters were falling under its Items ... materials and components (inputs) in respect of the value of the final product, for the value of the final product was necessarily enhanced
gains on its transfer.
The mode of computation and deductions set forth in section 48 provide the principal basis for quantifying the income chargeable under ... chargeable under that head shall be computed by deducting from the full value of the consideration received or accruing as a result of the transfer
