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Octroi Valuation FAQs

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).