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of <h1>Inspection Charges Must Be Included in Assessable Value for Goods Inspected by External Agencies, Says CBEC Circular.</h1> The circular from the Central Board of Excise and Customs addresses whether inspection charges should be included in the assessable value of goods, specifically in cases where goods like 'points' and 'crossings' are manufactured on a job work basis and inspected by an external agency. The Board concludes that since inspection is essential for safety and quality assurance, these charges are not optional and should be considered part of the manufacturing cost. Consequently, inspection charges must be included in the assessable value of such goods. The circular advises issuing a trade notice to inform relevant parties.
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