TaxTMI 
TaxTMI 
we manufacture certain goods belonging to Chapter 16 of CETA. The goods are not seen in Third Schedule to CETA. An abatement of 35 % is declared in the abatement notification. the goods are packed and cleared in 'unit containers'. How the excise duty is to be calculated? based on MRP or on transaction value?
duty calculation
16 Dec 2014 
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MRP-based assessment permits duty on net assessable value after authorised abatement; transaction-value option remains available.
For goods packed in unit containers with a declared 35% abatement, duty may be assessed on MRP where MRP is printed on each container and is the final price: assessable value = MRP less 35% abatement and duty is charged on that net value. Alternatively, if the manufacturer elects transaction value of the unit container as the final price, duty is charged on that transaction value at the applicable rate. (AI Summary)
For goods packed in unit containers with a declared 35% abatement, duty may be assessed on MRP where MRP is printed on each container and is the final price: assessable value = MRP less 35% abatement and duty is charged on that net value. Alternatively, if the manufacturer elects transaction value of the unit container as the final price, duty is charged on that transaction value at the applicable rate. (AI Summary)