Dear Sir,
We have registered with excise at delhi. Suppose I transferred material from delhi to Noida on the basis of form 38. Okay after that can I sale the same material Noida to Noida, Ghaziabad with excise invoice . Secondly suppose MRP of 500ml ₹ 35/- per bottles for sale of Saharanpur but we have invoice raise to party by ₹ 14/- per bottels including all. So how to calculate ₹ 35/- MRP. Pl suggest me and what is the minimum sale price of the product to design as per excise/vat act. For your information we have not registered with excise at Noida except vat.
Guidance on MRP Calculation for Mango Juice: Compliance with Rule 4 & Section 4A of Central Excise Act Required. A discussion on central excise and MRP-based tax invoice calculation involves a party inquiring about the sale of goods from Delhi to Noida and Ghaziabad with an excise invoice. The party, registered as a manufacturer in Delhi, seeks guidance on calculating the MRP of 35 per bottle when invoiced at 14 per bottle. They are advised to declare the actual retail price when removing goods from the manufacturing premises and to comply with Rule 4 of the MRP valuation rules and Section 4A of the Central Excise Act to avoid penalties. The goods in question are mango juice with a 35% abatement. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
