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of <h1>Ministry of Finance requires assessees to submit price lists with a detailed questionnaire to prevent misdeclarations.</h1> The circular from the Ministry of Finance mandates that all price lists submitted by assessees must be accompanied by a detailed questionnaire. This measure aims to streamline the process by reducing delays and facilitating the finalization of price lists. The questionnaire, developed in the Aurangabad Central Excise Collectorate, seeks comprehensive information to help identify potential misdeclarations or suppression of facts. Assessees are required to complete and sign the questionnaire, and a trade notice will inform the relevant parties. The questionnaire addresses various aspects of transactions and pricing under the Central Excises and Salt Act, 1944.
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