Assessable Value for Central Excise governs rebate and export valuation and need not match FOB value for customs. The assessable value for central excise exports is the value determined under Section 4 of the Central Excise & Salt Act and must be declared on AR4 and invoices under Rule 52A; this value governs rebate and export valuation under the Central Excise Rules. FOB Value is a contractual price relevant to customs and export schemes like drawback and DEEC and may differ from the AR4 assessable value; substantial variance producing unusually high scheme benefits should be referred to agencies for remedial measures to protect revenue.
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.
Assessable Value for Central Excise governs rebate and export valuation and need not match FOB value for customs.
The assessable value for central excise exports is the value determined under Section 4 of the Central Excise & Salt Act and must be declared on AR4 and invoices under Rule 52A; this value governs rebate and export valuation under the Central Excise Rules. FOB Value is a contractual price relevant to customs and export schemes like drawback and DEEC and may differ from the AR4 assessable value; substantial variance producing unusually high scheme benefits should be referred to agencies for remedial measures to protect revenue.
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