Valuation of MS and HSD sold amongst OMCs – MOU – Withdrawal of instructions dated 14-2-2007- regarding

Central Excise – 913/03/2010-CX. – Dated:- 3-2-2010 – CIRCULAR NO. 913/03/2010-CX. Dated: February 03, 2010 Sub.:- Valuation of MS and HSD sold amongst OMCs – MOU – Withdrawal of instructions dated 14-2-2007- regarding. Attention of field formations is invited to the Board s instructions issued from F. No. 6/21/2003-CX.I (Pt) on 14-2-2007, a copy of which is available on the departmental web-site cbec.gov.in. The issue discussed in the said instructions is regarding valuation of petroleum products sold by one oil company to other oil company based on import parity price as per MOU entered between them. 2. In the aforesaid instructions field formations were directed to decide the cases pertaining to SCNs issued to the Oil companies on the i

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