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of <h1>Clarification on Assessable Value for Excisable Goods Post-Finance Act 1996-97; Pre-Sept 29 Goods Use Old Section 4 Rules.</h1> The circular addresses the determination of assessable value for excisable goods in light of changes made in the Finance Act 1996-97. It clarifies that goods cleared from the factory gate before September 29, 1996, will be assessed under the previous Section 4 regulations. If goods were assessed at the normal sale price at the factory gate, or at the sale depot price following the Supreme Court's MRF case judgment, these assessments remain unchanged despite the amendments. This clarification responds to inquiries about potential differential duties for goods removed from depots after the specified date.
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