Valuation basis shift to retail price proposed where retail markedly exceeds wholesale, prompting data submission for affected commodities. Proposed adoption of retail price as the basis for central excise valuation where retail markedly exceeds wholesale; Board seeks detailed tabulated data from collectors listing commodity, heading, wholesale price, retail price, percentage variation and applicable duty rate to assess which items warrant valuation on a retail-price basis.
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.
Valuation basis shift to retail price proposed where retail markedly exceeds wholesale, prompting data submission for affected commodities.
Proposed adoption of retail price as the basis for central excise valuation where retail markedly exceeds wholesale; Board seeks detailed tabulated data from collectors listing commodity, heading, wholesale price, retail price, percentage variation and applicable duty rate to assess which items warrant valuation on a retail-price basis.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
