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of <h1>Ministry of Finance Circular: Revise System for Price List Approvals, Focus on Data and Price Monitoring per CVC Advice.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the advice from the Central Vigilance Commission (CVC) regarding the need to change the system of approving price lists. It highlights the observation from the Member of Central Excise that despite the discontinuation of price lists, there is a need to focus on data collection, monitoring price movements, and verifying sale prices as invoices now form the basis of assessment. The circular requests necessary actions to be taken based on these suggestions.
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