5. Date for determination of duty and tariff valuation.-

(1) The rate of duty or tariff value applicable to any excisable goods , other than khandsari molasses, shall be the rate or value in force on the date when such goods are removed from a factory or a warehouse, as the case may be.

(2) The rate of duty in the case of khandsari molasses, shall be the rate in force on the date of receipt of such molasses in the factory of the procurer of such molasses.

Explanation.- If any excisable goods are used within the factory, ‘the date of removal of such goods’ shall mean the date on which the goods are issued for such use.

[OMITTED
(3) The rate of duty in the case of goods falling under Chapter 61 or 62 of the First Schedule to the Tariff Act, produced or manufactured on job work, shall be the rate in force on the date of removal of such goods by the person referred to in sub-rule (3) of rule 4 from his premises registered under rule 9.]

(Above sub-rule (3) has been omitted vide NTF. NO. 24/2003-CE(N.T.), DT. 25/03/2003)

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