MRP based excise levy prompts industry data call to determine abatement for assessable value under section 4A. MRP-based levy on plant growth regulators requires prescribing an abatement from retail sale price to compute assessable value; manufacturers must submit segment-wise recent data-ex-factory price, excise duty paid, sales tax and other taxes, wholesale price inclusive of taxes, retail MRP, trade practices, trade discounts (with agreements where applicable) and any other relevant information-to enable the Advisory Committee on Abatement to recommend the abatement.
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.
Provisions expressly mentioned in the judgment/order text.
MRP based excise levy prompts industry data call to determine abatement for assessable value under section 4A.
MRP-based levy on plant growth regulators requires prescribing an abatement from retail sale price to compute assessable value; manufacturers must submit segment-wise recent data-ex-factory price, excise duty paid, sales tax and other taxes, wholesale price inclusive of taxes, retail MRP, trade practices, trade discounts (with agreements where applicable) and any other relevant information-to enable the Advisory Committee on Abatement to recommend the abatement.
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