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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 4A retail sale price valuation for excisable goods: new list and abatement rates replace earlier notification</h1> Supersedes the earlier notification on section 4A valuation and specifies a comprehensive list of excisable goods (by chapter/heading/tariff item and description) to which section 4A(2) of the Central Excise Act, 1944 applies, and prescribes the applicable abatement percentages from the retail sale price for each listed category (covering, inter alia, specified food preparations, pan masala/tobacco products, cement, medicaments, toiletries, household goods, electrical/electronic items, and certain vehicle parts). It defines 'retail sale price' for purposes of the notification (with a specific definition for certain medicaments by reference to the price displayed under the applicable price control order), thereby requiring assessable value to be determined on the declared retail sale price reduced by the notified abatement for levy of excise duty.
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