MRP based assessment-Clarification regarding the scope of entry No.97 of the Notification No. 2/2006-CE (N.T.) inserted vide the amending Notification No.11/06-CE (N.T.) (present entry no 107 in the notification No.14/08-CE (NT))-reg

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....evenue Central Board of Excise and Customs New Delhi, 16th December, 2008 Subject: MRP based assessment-Clarification regarding the scope of entry No.97 of the Notification No. 2/2006-CE (N.T.) inserted vide the amending Notification No.11/06-CE (N.T.) (present entry no 107 in the notification No.14/08-CE (NT))-reg. References have been received from the field formations regarding the scope of....

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....the industries (Development and Regulation) Act, 1951), automobile is defined as follows: 'Automobile' means motor cars, buses, trucks, jeep type vehicles, vans, scooters, motorcycles, mopeds, and all other automobiles covered under the sub-heading (5) of Heading 7 'Transportation' of the First Schedule to the Act; The relevant subheading 7(5) reads as follows: 7. Transportation (5) Automobil....

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.... provides that 'parts, components and assemblies' falling in any heading in the Tariff are covered. Therefore, it is logical that all 'parts, components and assemblies,' irrespective of their classification shall be covered. It is also important to note that there is no specific entry for 'components' or 'assemblies' of automobiles in the Tariff, therefore, this also supports the view that all goo....