| Date: |
20-08-1997
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| Notification No: |
Central Excise Circular No 330/1997
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| Issuing Authority: |
Central Excise
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding problems faced by 100% EOUs and units in EPZ, STP and EHTP units for assessment of scrap and waste generated
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Regarding problems faced by 100% <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>s and units in EPZ, STP and EHTP
units for assessment of scrap and waste generated
Circular
No. 330 dated 20th August 1997
Please
refer to Board's Circular No. 268/35/92-CX.8 date 17.8.94 regarding valuation of
goods manufactured and cleared into DTA by 100% EOUs.
2.
As per the aforesaid Circular, Invoice value can be accepted for the
purpose of assessment when it is in conformity with the Transaction Value under
Rule 3 (1) of the Customs Valuation Rules, 1988. These instructions are
applicable to assessment of waste and scrap as much as they are applicable to
other goods cleared by the EOUs.
3.
I am directed to reiterate the aforesaid instructions of the Board and to
say that Transaction Value under Rule 3 (1) of the Customs valuation Rules,
1988, should be accepted by the assessing officer with respect to DTA
clearances.
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