Retail sale price based assessment: prescribed abatements apply to specified excisable goods to determine assessable value. The Central Government designates specified tariff-classified goods for retail sale price based assessment and prescribes percentage abatements to be applied to the defined retail sale price (inclusive of taxes, freight, commissions and related charges) to determine the assessable value for central excise; the notification supersedes the prior notification and lists abatement rates by product category.
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 based assessment: prescribed abatements apply to specified excisable goods to determine assessable value.
The Central Government designates specified tariff-classified goods for retail sale price based assessment and prescribes percentage abatements to be applied to the defined retail sale price (inclusive of taxes, freight, commissions and related charges) to determine the assessable value for central excise; the notification supersedes the prior notification and lists abatement rates by product category.
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