Encyclopedia
Calculated value of excisable goods sold
The calculated value of excisable goods sold - determined based on maximum retail prices for the purpose of calculating excise duty when applying ad valorem (in percentages) tax rates - for excisable goods in relation to which combined tax rates have been established, consisting of a specific (fixed) and ad valorem (in percentages) tax rates1.
Federal Law No. 134-FZ dated July 26, 2006, "On Amending Chapter 22 of Part Two of the Tax Code of the Russian Federation and Certain Other Legislative Acts of the Russian Federation" dated July 26, 2006, as amended on July 26, 2006, Article 1, subpara. a#4 // RSZ RF. 2006. No. 31. Art. 3433. ↩