Retail sale price abatement applies to specified excisable goods, prescribing sector-specific abatement rates under central excise rules. Notification designates specified excisable goods by tariff headings for assessment on the basis of retail sale price and prescribes corresponding abatement rates to determine assessable value. It lists product categories-including confectionery, cereal preparations, pan masala in defined pack sizes, aerated waters, chemicals, toiletries, footwear, tiles, cooking and electrical appliances, batteries, consumer electrical goods, and lighting equipment-and links each to a fixed percentage abatement. The notification also defines retail sale price as the maximum packaged price to the ultimate consumer, inclusive of taxes, freight, dealer commission and related charges.
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.
Retail sale price abatement applies to specified excisable goods, prescribing sector-specific abatement rates under central excise rules.
Notification designates specified excisable goods by tariff headings for assessment on the basis of retail sale price and prescribes corresponding abatement rates to determine assessable value. It lists product categories-including confectionery, cereal preparations, pan masala in defined pack sizes, aerated waters, chemicals, toiletries, footwear, tiles, cooking and electrical appliances, batteries, consumer electrical goods, and lighting equipment-and links each to a fixed percentage abatement. The notification also defines retail sale price as the maximum packaged price to the ultimate consumer, inclusive of taxes, freight, dealer commission and related charges.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
