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Issue ID : 110060
- 0 -

 Abatement as a percentage of retail sale price

Date 20 Mar 2016
Replies2 Answers
Views 1194 Views
Asked By

Respected Sir/ Madam

"what is Abatement as a percentage of retail sale price ? "

I have tried to google it but unable to get accurate answer, please help. Thank you in advance.

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Replied on Mar 20, 2016
1.

MRP is always higher than the transaction value because it is the maximum price to be collected from ultimate customer. There are two types of value on which excise duty is to be calculated. One is on advolrem rate and second is MRP. The abatement rate is given in Notification No. 49/2008-Ce (NT). Thanks.

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Replied on Mar 20, 2016
2.

Thank you very much Ganeshan Kalyani Sir for a prompt response. Thanks a lot.

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