Frequently Asked Questions
Octroi valuation refers to the process of determining the assessable value of goods for the purpose of levying Octroi duty, which was a local entry tax charged by municipal authorities on goods brought into a city for use, sale, or consumption.
Octroi has been abolished in most states after the introduction of GST (Goods and Services Tax) in 2017. However, in certain older or pending matters (like audits, disputes, or retrospective assessments), Octroi valuation is still relevant.
It may be needed for:
Litigation or audit cases pending before GST era
Dispute resolution with municipal authorities
Refund claims
Retrospective assessments or documentation
Historical financial auditing
Only a Government Approved Valuer with expertise in goods valuation and taxation, like Dr. S. N. Bansal, can issue legally valid reports accepted by municipal corporations, courts, and auditors.
Octroi is calculated on the assessable value of goods, typically based on:
Invoice price (cost + freight + insurance)
Market value in the importing city
Nature and classification of goods
Declared purpose (sale, consumption, use)
Commonly taxed goods included:
Industrial machinery and raw materials
Electronics, appliances, and IT equipment
Construction materials
Furniture, textiles, and consumer goods
Vehicles and fuel
Description and classification of goods
Assessable value as per Octroi rules
Tax calculation based on prevailing rates
Supporting documentation (invoice, transport receipt)
Certified opinion with valuer's signature and seal
Original invoice or bill of entry
Delivery challans or transport documents
Municipal correspondence (if applicable)
Purpose of entry (consumption, resale, etc.)
Yes. In legacy cases involving municipal tax disputes, refund claims, or assessments, a certified valuation report by a Government Approved Valuer like Dr. S. N. Bansal is accepted as expert evidence.
Depending on the nature and quantity of goods, a valuation report can be provided within 1–2 working days, post document review and inspection (if required).