CBEC has issued a circular F No.6/15/2007-CX.I dated 30-4-2009 seeks to reduce the rates of abatement for six items under section 4A of central excise act, 1944 (MRP based Assessment).

These six commodities / items are:

(i) Paints;

(ii) Colour TV;

(iii)Aerated Water;

(iv) Ceramic Tiles;

(v) Cosmetics; and

(vi) Lubricants.

CBEC invites the comments and suggestion from the trade and industry.

The comments of the Department, Associations and Industries may kindly be sent by post alongwith the documents to Shri Sanjiv Srivastava, Director(CX-1/4), Room No.47-B , Department of Revenue, Central Board of Excise & Customs, Ministry of Finance, North Block, New Delhi-110001. Comments along with any additional data that needs to be considered in excel format, may also be sent by e-mail to ashimairs @ yahoo.co.in or to [email protected].

Also see:

Central Excise (Determination of Retail Sale Price of Excisable Goods) Rules, 2008

MRP - Abatement as a percentage of retail sale price

Section 4A of central excise act, 1944

Abatement rate revision for MRP based excise: proposal to reduce rates for specified product categories invites industry comments and data. Proposal to amend abatement rates under the MRP based assessment framework seeks stakeholder comments on proposed percentage reductions for specified commodities assessed under the retail sale price valuation regime, and directs submission of supporting documents by post to the departmental contact or electronically with accompanying spreadsheet data.