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Payment of excise duty on Job Work and Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000
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....ayment of excise duty on Job Work and Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000 <br>News and Press Release<br>Dated:- 21-10-2009<br><BR>Central Excise Valuation ....
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....(Determination of Price of Excisable goods) Rules, 2000 Rule 10A to the valuation rules regarding valuation in case of job work was inserted with effect from 1-4-2007 to provide that transaction valu....
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....e of the goods shall be the value on which job worker is required to pay central excise duty in certain cases. Despite the above insertion, the job workers are continue to pay duty of excise on cost ....
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....plus method. Therefore, CBEC has issued a circular no. 902/22/2009-CX. dated 20-10-2009 to clarify that: ………wherever goods are manufactured by a person on job work basis on behalf of a princip....
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....al, then value for the purpose of payment of excise duty may be determined in terms of the provisions of Rule 10 A of the Central Excise Valuation (Determination of price of Excisable goods) Rules, 20....
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....00 subject to fulfilment of the requirements of the said rule. It is requested that the practice followed in your zone may be verified for body builders of motor vehicles and/or other commodities, whi....
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....ch are manufactured on job work basis to ensure that duty is paid correctly as per Rule 10A wherever required.<BR> News - Press release - PIB....