Inclusion of interest on sales tax in the assessable value

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..... Circular No. 378/11/98-CX dated 12.3.98 wherein it has been clarified that in situation where deferment of payment of Sales tax for particular period is allowed by State Government as incentive, Sales tax is deductible from the wholesale price for determination of assessable value for levy of Central Excise duty even though it may not be deposited immediately with the State Government. (2) Doub .....

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..... e Central Excise Valuation Rules and the same cannot be added to the Assessable value in terms of Rule 5 of Central Excise Valuation Rules, 1975 or Rule 6 of the Valuation Rules, 2000. (4) This circular may be brought to the notice of the field formations. (5) Suitable Trade Notice may be issued for the benefit of the Trade. (6) Hindi version will follow. (7) Receipt of these instructions .....

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