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When is FOB value to be declared on the invoice / AR 4 and when is value under Section 4 required to be indicated in the invoice / AR 4?

April 26, 2017ar declared fob indicated invoice section value

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When is FOB value to be declared on the invoice / AR 4 and when is value under Section 4 required to be indicated in the invoice / AR 4?

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FOB value is relevant for customs purposes and other schemes like drawback, exports under DEEC etc., while Section 4 value is relevant for the purposes of exports under Rule 12 and Rule 13 under Central Excise 1944.