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of <h1>Clarification on Valuation of Export Goods: AR4 and FOB Values Differ Under Central Excise and Customs Acts.</h1> The circular addresses the valuation of export goods for Central Excise purposes, focusing on the relationship between Free on Board (FOB) value and the value declared on AR4 forms. It clarifies that the AR4 value, determined under Section 4 of the Central Excise & Salt Act, does not need to match the FOB value, which pertains to international trade under Section 14 of the Customs Act. For Central Excise Rules, the AR4 value is crucial, while FOB value is relevant for customs and export schemes. Discrepancies between these values leading to excessive benefits should be reported for corrective action. Previous guidance is superseded.
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