Invoice price assessment allowed for small scale units if invoice prices conform to statutory value and Assistant Collector acknowledgement is obtained. Small scale units may be assessed on invoice prices instead of filing price lists if their invoice prices conform to the valuation provision of the Central Excise Act. Each unit must submit a declaration to the Assistant Collector that invoice prices represent the statutory value; a dated acknowledgement from the Assistant Collector will serve as permission under the invoice assessment rule.
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.
Invoice price assessment allowed for small scale units if invoice prices conform to statutory value and Assistant Collector acknowledgement is obtained.
Small scale units may be assessed on invoice prices instead of filing price lists if their invoice prices conform to the valuation provision of the Central Excise Act. Each unit must submit a declaration to the Assistant Collector that invoice prices represent the statutory value; a dated acknowledgement from the Assistant Collector will serve as permission under the invoice assessment rule.
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