Central Excise - Computation of aggregate value of clearances under Notification No. 175/86/C.E.vis-a-vis value of clearances under Chapter X procedure - Clarifications regarding
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Exclusion of exempt clearances clarified: clearances exempted under other notifications must be ignored when computing aggregate value. The Government clarifies that, for computing the aggregate value of clearances under Notification No. 175/86, clearances of excisable goods exempted from the whole of duty by any other notification issued under the Central Excise Rules shall not be taken into account; the prior Board clarification to the contrary is withdrawn and trade is to be informed.
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Exclusion of exempt clearances clarified: clearances exempted under other notifications must be ignored when computing aggregate value.
The Government clarifies that, for computing the aggregate value of clearances under Notification No. 175/86, clearances of excisable goods exempted from the whole of duty by any other notification issued under the Central Excise Rules shall not be taken into account; the prior Board clarification to the contrary is withdrawn and trade is to be informed.
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