Valuation of free samples under Rule 4; removals after CENVAT credit governed by Rule 3(5) of Cenvat rules. For goods distributed free as samples, gifts or donations, value must be determined under Rule 4 of the Central Excise Valuation Rules, 2000. Where inputs or capital goods on which CENVAT credit was availed are removed as such, valuation and adjustment follow Rule 3(5) of the Cenvat Credit Rules, 2004. These clarifications supersede the earlier circular and are circulated to trade associations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Valuation of free samples under Rule 4; removals after CENVAT credit governed by Rule 3(5) of Cenvat rules.
For goods distributed free as samples, gifts or donations, value must be determined under Rule 4 of the Central Excise Valuation Rules, 2000. Where inputs or capital goods on which CENVAT credit was availed are removed as such, valuation and adjustment follow Rule 3(5) of the Cenvat Credit Rules, 2004. These clarifications supersede the earlier circular and are circulated to trade associations.
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