Rule 10 a of excise

This query is : Resolved 

25 December 2014 Dear Sir,
Please explain the Rule 10A of Excise.
thanks

27 December 2014 In case of job work, duty is payable by job worker. Valuation is done on the basis of price at which raw material supplier (Principal Manufacturer) sales the manufactured final product in market [Rule 10A]. If goods are covered under MRP valuation provisions, duty is payable on MRP basis.

more info:

http://www.cbec.gov.in/excise/cx-circulars/cx-circulars-09/902-2k9cx.htm

for any query please ask...

ramesh



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