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of <h1>Excise Duty Abatement Rates for MRP-Based Goods in 2008 Updated; Superseded by New 2022 Notification.</h1> The notification dated December 24, 2008, outlines the excise duty based on the Maximum Retail Price (MRP) for various goods, specifying the rate of abatement applicable. Under the Central Excise Act, 1944, the Central Government prescribes the goods and corresponding abatement percentages for items such as sugar preparations, chocolates, biscuits, aerated waters, lubricating oils, and various household and industrial products. The notification supersedes a previous one from March 1, 2008, and details the specific chapters, headings, and tariff items in the Central Excise Tariff Act, 1985, to which these provisions apply. The notification was later superseded by Notification No. 01/2022-Central Excise (N.T.) effective from February 2, 2022.
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