Circular No. 330/46/97-Central Excise
dated 20/8/97
F.No. 268/45/97-CX-8
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs, New Delhi
Subject: Problems faced by 100% EOUs and units in EPZ, STP and EHTP units for assessment of scrap and waste generated – Regarding.
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.
