Actual Value
Legal definition for Indian law research
Definition
Actual value, the expression 'actual value' occurring in the scheme means the market value and not the cost to the corporation, Aluminium Corporation of India v. Union of India, (1983) 3 SCC 300: AIR 1983 SC 751 (752). [Emergency Risks (Factories) Insurance Act, 1962, s. 3]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.