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of <h1>Clarification on New Valuation Rules: Deductions, Captive Consumption, and Related Party Transactions Under Central Excise Act.</h1> The circular addresses various doubts regarding the new Valuation Rules effective from July 1, 2000, under the Central Excise Act. It clarifies definitions such as 'greatest aggregate quantity,' explaining it as the largest quantity sold on a particular day. It discusses deductions for freight charges, asserting that only actual transportation costs are deductible, and clarifies that transit insurance can be included in transportation costs. The circular also addresses tax abatements, secondary packing costs, and the valuation of goods for captive consumption. Additionally, it covers the inclusion of advertisement, after-sales service charges, and delayed payment charges in the transaction value. The document provides guidance on valuation for job-work, related party transactions, free samples, and goods sold partly to related persons.
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