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OMCs Can Use Import Parity Price as Transaction Value for Assessment u/s 4 of the Central Excise Act, 1944.
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....Valuation - petroleum products - Import Parity Price agreed between one OMC and another based on MoU reached between them, can be considered as transaction value for assessment purpose in terms of Section 4 of the Central Excise Act, 1944....
TaxTMI
TaxTMI