CE - Tariff Value for Skin Care Products
THE Central Government has fixed tariff value in respect of excisable goods falling under heading 3304 in retail packages and in respect of which the provisions of section 4A of the Central Excise Act, 1944 do not apply. The Tariff Value is the Retail Sale Price less the abatement for such goods under Notification No. 49/2008-CE(NT) dated 24.12.2008.
Now, this is a new phenomenon where you may have some goods falling under heading 3304 being assessed in terms of section 4A of the CEA, 1944 based on the MRP and those which escape assessment u/s 4A (for whatever reasons) again being assessed in the same fashion but by a backdoor instrumentation through the aegis of section 3 of the CEA, 1944.
Incidentally, all goods falling under heading 33.04 are subject to MRP assessment in terms of the notification 49/2008-CE(NT) read with the Third Schedule. And in respect of the goods mentioned in the Third Schedule, they are covered under section 2(f)(iii) of the CEA, 1944 pursuant to which any activity of repacking, relabeling etc. amounts to manufacture.
Notification No. , Dated: December 31, 2013