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of <h1>Finance Act 1996 Expands 'Place of Removal' Definition, Impacts Excise Duty Valuation and Provisional Assessments.</h1> The Finance Act of 1996 amended the definition of 'place of removal' to include depots, consignment agents, or any premises where goods are sold on behalf of the assessee. This change affects the determination of assessable value for excise duty, allowing different values based on the place of removal. Duty is payable upon factory clearance, using the sale price at the removal place as the basis. Provisional assessments are allowed if prices are unknown at clearance. Transport costs to depots are included in the assessable value. For job work, valuation follows existing rules unless the job worker sells the goods directly.
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