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           GOVERNMENT OF INDIA

          MINISTRY OF FINANCE

OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE: CHENNAI III

121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034.

 TRADE NOTICE NO.   26/2005

Dated:

   04.05.2005

 

Subject: : Clarification with regards to valuation of the goods, reg.

                                                                        ----

 

Copy of Board's Circular No. 813/10/2005-CX dated 25th April, 2005 on the above subject is communicated herewith for information and necessary action.

 

The contents of the Trade Notice may be brought to the notice to all concerned.

(Issued from file C.No. IV/16/1/2005-Tech)

                                   

                                                Sd/-

                                                                             (P.DEVALUDU)

                                                                          JOINT COMMISSIONER(TECH)

As per Mailing List (Department only)

COPY OF BOARD'S CIRCULAR NO. 813/10/2005-CX DATED 25.04,2005.

 

 Sub: Clarification with regards to valuation of the goods, reg.

I am directed to refer to Board’s letter No.6/39/2000-CX.I dated 1.7.2002 clarifying certain points relating to the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000.

2. A number of references seeking further clarification on some of the points clarified in the Circular mentioned in para 1 above have been received in the Board. These points are being clarified in the table enclosed. These clarifications supercede the clarification given in above referred circular.

3. Trade Notices may be issued for the benefit of the Trade.

F.No.6/18/2003-Cx.I

Sd/-
(Ashok Kumar)
Under Secretary to the Govt. of India

 

Sl.No

Old Sl.No

Point of Doubt

Clarification

1.

13

How will valuation of samples be done which are distributed free, as part of

In case of free samples, the value should be determined under Rule 4 of Central Excise

 

 

marketing strategy, or as gifts or

Valuation (Determination of Price of Excisable

 

 

donations?

Goods) Rules, 2000.

2

14

How will valuation be done when inputs or capital goods, on which CENVAT credit has been taken, are

In such situations, the provisions of Rule 3(5) of Cenvat Credit Rules, 2004 would apply.

 

 

removed as such from the factory, under the erstwhile sub-rule (1C) of rule 57AB of the Central Excise Rules,

 

 

 

1944 or under rule 3 (4) of the Cenvat

 

 

 

Credit Rules, 2001 or 2002?

 

 

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