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<h1>Central Excise Tariff Conference clarifies valuation, classification, exemptions and CENVAT credit procedures for uniform assessment practice.</h1> The Board issued Minutes of the Central Excise Tariff Conference setting out 53 technically operative clarifications across assessment and valuation, classification, scope of exemptions, CENVAT credit, central excise rules and implementation; key outcomes include: depots treated as places of removal for industrial clearances (Section 4 valuation), VAT retained under incentive adjustment schemes includable in transaction value unless actually paid to exchequer, Section 4A assessment only where notified, adherence to formulas in exemption notifications unless amended, specified classification guidance invoking HSN notes and case law, and targeted recommendations for rule amendments and procedural simplifications including recognition of service provider invoices for certain credits and export rebate process review.