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Central Excise - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Valuation - scrap - with effect from 1st July 2000, with the ...


Central Excise Act Update: Scrap Duty Now Based on Actual Transaction Value Per Section 4, Effective July 1, 2000.

December 28, 2018

Case Laws     Central Excise     AT

Valuation - scrap - with effect from 1st July 2000, with the introduction of transaction value concept in Section 4 of the Central Excise Act, 1944, duty has to be determined on the basis of actual transaction value and not on the basis of any “contemporaneous value”

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