Central Excise - Acceptance of F.O.B. value in case of exports - instructions regarding - Central Excise - 209/21/85-CX.6

Central Excise - Acceptance of F.O.B. value in case of exports - instructions regarding Letter No. 209/21/85-CX.6 Dated 10-4-1986 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Central Excise - Acceptance of F.O.B. value in case of exports - instructions regarding. Representations have been received by the Board from the Trade requesting for acceptance of f.o.b. value of export consignments as assessable value as also for dispensing with filing of price list for exports. The matter has been examined by the Board. 2. As regards filing of price lists, it has been decided to dispense with filing of price lists altogether for exports. For this, the Collectors may grant the exporters option under rule 173C (11). These powers of the Collectors may be delegated to the Assistant Collectors for this specific purpose. However, if the goods meant initially for export are subsequently diverted for home consumption price lists will have to be filed and duty recovered accordingly. 3. As regards acceptance of f.o.b. value for exports, it has been decided by the Board to accept the same as assessable value for goods meant for export. Value for exports under claim for rebate and for adjustments in the Bond Account for exports under Bond would henceforth be based on f.o.b. value. It may be made clear that, for goods which are not proved to have been exported f.o.b. value would not apply.