Significance of Valuation
In Dharmashastra, valuation is a critical process, particularly for items like cloth pieces that are sold in their original state. It is emphasized that a twentieth part cannot be extracted without harming the items, making proper valuation essential to preserve their integrity. This highlights the care and consideration required in the valuation process to ensure fair transactions while maintaining the quality of the goods.
Synonyms: Assessment, Evaluation, Worth, Estimation, Market value, Calculation, Evaluation.
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
Hindu concept of 'Valuation'
In Hinduism, Valuation is vital for assessing items like cloth, ensuring their original integrity is preserved. It emphasizes the importance of careful evaluation, particularly when dividing or selling goods without causing damage.
From: Manusmriti with the Commentary of Medhatithi
(1) This is the process that becomes essential, especially when dealing with items like cloth pieces that are sold in their original form, as the twentieth part cannot be taken without damaging them.[1]