Valuation of cosmetics and toilet preparations clarified-specified tariff headings use the statutory alternate valuation method. The notification substitutes Explanation I to define 'value' for cosmetics and toilet preparations: goods under heading No. 33.03, 33.04, 33.05 or 33.07 are to be valued in accordance with the provisions of section 4A of the Central Excise Act, while other goods are to be valued in accordance with the provisions of section 4 of that Act.
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Provisions expressly mentioned in the judgment/order text.
Valuation of cosmetics and toilet preparations clarified-specified tariff headings use the statutory alternate valuation method.
The notification substitutes Explanation I to define "value" for cosmetics and toilet preparations: goods under heading No. 33.03, 33.04, 33.05 or 33.07 are to be valued in accordance with the provisions of section 4A of the Central Excise Act, while other goods are to be valued in accordance with the provisions of section 4 of that Act.
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