Retail sale price valuation: declared packaged price (less notified abatement) governs assessable excise value. Section 4A allows the Central Government to notify packaged goods whose declared retail sale price on the package will be taken as the assessable value for excise purposes, subject to an abatement permitted by notification. The permitted abatement may take into account excise duty, sales tax and other taxes. 'Retail sale price' is defined to be the maximum price to the ultimate consumer and includes taxes, freight, commission and related charges; where more than one price is declared, the maximum applies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Section 4A allows the Central Government to notify packaged goods whose declared retail sale price on the package will be taken as the assessable value for excise purposes, subject to an abatement permitted by notification. The permitted abatement may take into account excise duty, sales tax and other taxes. "Retail sale price" is defined to be the maximum price to the ultimate consumer and includes taxes, freight, commission and related charges; where more than one price is declared, the maximum applies.
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