TMI BlogCentral Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... rmination of Price of Excisable Goods) Rules, 2000. (2) They shall come into force on and from the 1st day of July,2000. CHAPTER I PRELIMINARY 2. In these rules, unless the context otherwise, requires,- (a) "Act" means the Central Excise Act, 1944 (1 of 1944); (b) "normal transaction value" means the transaction value at which the greatest aggregate quantity of goods are sold; (c) "value" means the value referred to in section 4 of the Act; (d) words and expressions used in these rules and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act. CHAPTER II DETERMINATION OF VALUE 3. The value of any excisable goods shall, for the purposes of clause (b) of sub-sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. -For removal of doubts, it is hereby clarified that the value, apportioned as appropriate, of the following goods and services, whether supplied directly or indirectly by the buyer free of charge or at reduced cost for use in connection with the production and sale of such goods, to the extent that such value has not been included in the price actually paid or payable, shall be treated to be the amount of money value of additional consideration flowing directly or indirectly from the buyer to the assessee in relation to sale of the goods being valued and aggregated accordingly, namely:- (i) value of materials, components, parts and similar items relatable to such goods; (ii) value of tools, dies, moulds, drawings, blue prints, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... either of sub-clauses (ii), (iii) or (iv) of clause (b) of sub-section (3) of section 4 of the Act, the value of the goods shall be the normal transaction value at which these are sold by the related person at the time of removal, to buyers (not being related person); or where such goods are not sold to such buyers, to buyers (being related person), who sells such goods in retail: Provided that in a case where the related person does not sell the goods but uses or consumes such goods in the production or manufacture of articles, the value shall be determined in the manner specified in rule 8. 10. When the assessee so arranges that the excisable goods are not sold by him except to or through an inter-connected undertaking, the value of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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