Abatement of assessable value for aerated waters: retail price reduction allowed under excise notification effective from September. Allows a 50 per cent abatement from the retail sale price for computing the assessable value of aerated waters under the Central Excise Tariff; the Central Government exercises its power to fix this abatement and the notification takes effect on the stated commencement date, changing the valuation basis for excise assessment of the covered aerated waters.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Abatement of assessable value for aerated waters: retail price reduction allowed under excise notification effective from September.
Allows a 50 per cent abatement from the retail sale price for computing the assessable value of aerated waters under the Central Excise Tariff; the Central Government exercises its power to fix this abatement and the notification takes effect on the stated commencement date, changing the valuation basis for excise assessment of the covered aerated waters.
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