MRP based excise duty calculation

[KRISHNA BHATI]

Dear sir,

how we can calculate the MRP based excise duty .

AI Summary

MRP-based excise duty: apply prescribed abatement then compute duty on the net assessable value.
MRP-based valuation for excise duty requires deducting the prescribed abatement from the MRP to arrive at the net assessable value, and excise duty is computed on that net assessable value.