MRP-based excise duty abatement expanded to cover specified parts and components under certain tariff headings. The Central Government, under section 4A of the Central Excise Act, 1944, inserts a new serial entry into Notification No.49/2008-Central Excise (N.T.) to include parts, components and assemblies falling under specified tariff headings within the scope of MRP-based valuation for excise duty and prescribes an abatement for such goods when duty is determined on the basis of maximum retail price.
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Provisions expressly mentioned in the judgment/order text.
MRP-based excise duty abatement expanded to cover specified parts and components under certain tariff headings.
The Central Government, under section 4A of the Central Excise Act, 1944, inserts a new serial entry into Notification No.49/2008-Central Excise (N.T.) to include parts, components and assemblies falling under specified tariff headings within the scope of MRP-based valuation for excise duty and prescribes an abatement for such goods when duty is determined on the basis of maximum retail price.
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