Central excise exemptions and valuation rules broadened to include rule 57B and clarify the definition of value for specified goods. Amendments expand circumstances in which inputs and supplier clearances qualify for concessional treatment or removal without duty-covering usage for manufacture, removals for export under bond, supplies to free trade zones, export oriented undertakings, technology parks, the United Nations/international organisations and projects funded by them, and supplies covered by an exemption notification. References to procedural pathways are amended to include rule 57B alongside rule 57A. The definition of 'value' is clarified to follow alternate valuation provisions where applicable, otherwise the general valuation provision or tariff value.
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.
Central excise exemptions and valuation rules broadened to include rule 57B and clarify the definition of value for specified goods.
Amendments expand circumstances in which inputs and supplier clearances qualify for concessional treatment or removal without duty-covering usage for manufacture, removals for export under bond, supplies to free trade zones, export oriented undertakings, technology parks, the United Nations/international organisations and projects funded by them, and supplies covered by an exemption notification. References to procedural pathways are amended to include rule 57B alongside rule 57A. The definition of "value" is clarified to follow alternate valuation provisions where applicable, otherwise the general valuation provision or tariff value.
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