TaxTMI 
TaxTMI 
Request for comments of Trade and Industries on the proposal to modify the present abatement rates for products assessed under Section 4A (RSP based assessment).
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....s assessed under Section 4A (RSP based assessment). F No.6/15/2007-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs …… New Delhi, the 30th April, 2009. To (i)Trade and Industry Associations (List attached below) and any other Association dealing with the item given in Circular. (ii) All Chief Commis....
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....sed assessment, the CBEC has carried out a study regarding a few commodities .The data has been obtained from the Industries through the field formations. The study has been carried out to find out whether value determination under Section 4A is matching with the transaction value (Section 4 value) of the said goods, in most of the cases or not. This comparison has been made cons....
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....smetics; and (vi) Lubricants. 4. In view of the above mentioned fact, it is felt that the present abatement rate for these six commodities should be reduced in order to bring the assessable value determined under Section 4A nearer to the transaction value (Section 4) in majority of the cases. 5. Before taking any decision on this subject, CBEC would like to have the views and com....
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....ng placed on the website cbec.gov.in. 7. The comments of the Department, Associations and Industries may kindly be sent by post alongwith the documents to Shri Sanjiv Srivastava, Director(CX-1/4), Room No.47-B , Department of Revenue, Central Board of Excise & Customs, Ministry of Finance, North Block, New Delhi-110001. Comments along with any additional data that needs to be considered in exce....