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of <h1>Central Government Updates MRP-Based Excise Assessment for Goods; Abatement Ranges from 5% to 50%</h1> Notification No. 13/2002-Central Excise (N.T.), dated March 1, 2002, issued by the Central Government under the Central Excise Act, 1944, specifies goods subject to assessment based on Maximum Retail Price (MRP). It supersedes Notification No. 5/2001 and outlines various goods categorized by chapter or heading numbers, along with their respective abatement percentages from the retail sale price. The notification includes a detailed table listing items such as concentrated milk, sugar syrups, chocolates, biscuits, and various appliances, with abatement percentages ranging from 5% to 50%. The notification was later rescinded by Notification No. 2/2006.
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