Central Excise - Valuation - Shift from wholesale price to retail price as the basis of assessment - Central Excise - 6/1/88-CX.1

Central Excise - Valuation - Shift from wholesale price to retail price as the basis of assessment F. No. 6/1/88-CX.1 Dated 5-1-1988 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Central Excise - Valuation - Shift from wholesale price to retail price as the basis of assessment. I am directed to refer to the minutes of the Collectors' Conference held on 4-11-1987 which were circulated vide Board's F. No. 262/10/87-CX.9, dated 12-11-1987. 2. It was suggested in the Conference that retail price instead of wholesale price should form the basis of valuation for assessment of excise duty for such commodities which show a difference of more than 100% between the retail price and the wholesale price. 3. The matter is being examined in the Board. You are requested to furnish the following information in respect of the commodities where there is a wide variation (100% and above) between wholesale price and retail price. TABLE Name of the commodity Heading/ Sub-heading Wholesale price Retail price % of difference between (3) (4) Rate of C. Ex. duty 1 2 3 4 5 6