Central Excise - Identification of commodities generally sold through depots for fixing specific rates of duties thereon - Regarding

Ministry of Finance Requests Data on Depot-Sold Commodities to Establish Fair Duty Rates and Prevent Undue Benefits.

The circular from the Ministry of Finance's Central Board of Excise and Customs addresses the need to identify commodities commonly sold through depots to establish specific duty rates. Following a conference decision, the circular requests information on such commodities, aiming to prevent undue benefits from depot sales and evaluate the feasibility of specific duty rates. Authorities are instructed to compile data on commodity descriptions, tariff headings, sales percentages at factory gates and depots, assessable values, wholesale prices, and current duty rates. This initiative seeks to ensure fair taxation and regulation of depot-sold commodities.