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of <h1>Circular Clarifies Central Excise Valuation: Assessable Value Must Include Costs from Factory to Depot to Prevent Duty Evasion.</h1> The circular addresses the issue of discrepancies between ex-factory and ex-depot prices in the context of Central Excise valuation. It highlights that some assessees lower the wholesale price at the factory gate while selling most products at higher depot prices to reduce the assessable value. The Board has examined this practice and determined that the assessable value should include transportation and overhead costs from the factory to the depot. If significant differences between ex-factory and ex-depot prices are detected, a costing exercise should be conducted to ensure appropriate duty collection on the differential price.
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