Fixation of tariff value under section 3(2) of the Central Excise Act, 1944 in respect of goods falling under heading 3304 of the Central Excise Tariff - Regarding.
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Tariff value fixation for cosmetics set as retail sale price less prescribed abatement under excise law. Tariff value for goods under the cosmetics tariff heading is fixed by reference to the retail sale price less the abatement rate prescribed under the abatement notification, so that a specified proportion of the RSP constitutes the tariff value for excise valuation; implementation difficulties are to be reported to the Board.
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Provisions expressly mentioned in the judgment/order text.
Tariff value fixation for cosmetics set as retail sale price less prescribed abatement under excise law.
Tariff value for goods under the cosmetics tariff heading is fixed by reference to the retail sale price less the abatement rate prescribed under the abatement notification, so that a specified proportion of the RSP constitutes the tariff value for excise valuation; implementation difficulties are to be reported to the Board.
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