Excise valuation amendment: prescribed valuation margin reduced, changing the price-determination benchmark under the Valuation Rules. The notification amends the Central Excise Valuation Rules by substituting the textual benchmark in Rule 8, thereby reducing the percentage-based uplift used as the valuation margin when determining the price of excisable goods for assessable value purposes; the amendment is made under the Central Excise Act and takes effect on publication in the Official Gazette.
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Excise valuation amendment: prescribed valuation margin reduced, changing the price-determination benchmark under the Valuation Rules.
The notification amends the Central Excise Valuation Rules by substituting the textual benchmark in Rule 8, thereby reducing the percentage-based uplift used as the valuation margin when determining the price of excisable goods for assessable value purposes; the amendment is made under the Central Excise Act and takes effect on publication in the Official Gazette.
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