TaxTMI 
TaxTMI 
how can calculate Excise Duty uner MRP Price.
MRP VALUATION
Tushar Dhakate
Excise Duty Calculation Explained: MRP Framework and Abatement Under Section 4A of Central Excise Act 1944 A query was raised regarding the calculation of Excise Duty under the Maximum Retail Price (MRP) framework. In response, it was explained that Notification No. 49/2008 CE (NT) dated 24.12.2008, issued under Section 4A of the Central Excise Act, 1944, provides a list of items subject to MRP assessment and specifies the percentage of abatement available. For instance, if the MRP is Rs 100 and the abatement is 35%, the duty is calculated on Rs 65. (AI Summary)