Invoice price assessment under Rule 173C(11) - Central Excise - 73/88-CX.6

Invoice price assessment under Rule 173C(11) Circular No. 73/88-CX.6 Dated 11-1-1988 [From F. No. 213/30/88-CX.6] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Invoice price assessment under Rule 173C(11) - Regarding. Attention is invited to Board's instructions F. No. 223/17/86-CX.6, dated 11-3-1986 under which it has been authorised that units in the small scale sector need not be asked to file price lists. Instead assessment may be made on the basis of invoice prices invoking the provisions of Rule 173C(11). Doubts have been raised by certain Collectors as to whether permission to each SSI unit under Rule 173 C(11) is required to be given by Assistant Collector or not. 2. The matter has been examined by the Board. Under Rule 173C(11) invoice assessment is permitted subject to the condition that prices declared on the invoices represent the value as may be determined under Section 4 of the Central Excise and Salt Act. It has, therefore, been decided that each SSI unit desirous of availing exemption from filing the Price Lists will have to make a declaration to the effect that the invoice prices conform to the definition of the value of Section 4 of the Central Excise and Salt Act, 1944. The SSI units may submit the aforesaid declaration to the Assistant Collector and take a dated acknowledgement of the same. This acknowledgement should be treated as a permission granted by the Assistant Collector under Rule 173C(11). 3. Field formations may be advised suitably.