Circular

CIR NO.725/41/2003-CX, DT. 30/06/2003

Document type: Circular
Reference no.: J
Dated: 24 Feb 2013
Category: Excise Circulars Issued In The Year-2003

Value of Caps Fitted with the Tubes to be included in Assessable Value

CIR NO.725/41/2003-CX, DT. 30/06/2003

Value of Caps Fitted with the Tubes to be included in Assessable Value

I am directed to say that it has been brought to the notice of the Board that some of the manufacturers of tubes are not including the value of plastic caps fitted with these caps in the assessable value of tubes on the ground that they are not charging any amount for these caps. The matter has been examined in the Board and in the light of Union of India Vs. Metal Box Co. of India Ltd. [1996 (87) ELT 325 (SC)].

2. Since the assessable value shall take the entire intrinsic value of the article sought to be assessed, irrespective of the fact that manufacturers or processor of the article does not pay for the cost of some of its components, it is hereby clarified that the value of caps fitted with the tubes should be included while determining assessable value of the tubes.

3. Field formations may be suitably informed.

4. Receipt of the Circular may be acknowledged.

Sd/-
(Suraksha Katiyar)
Under Secretary to the Govt. of India

(F.No. 6/10/2003-CX.I)

CIR NO.725/41/2003-CX, DT. 30/06/2003

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