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of <h1>Central Govt Updates Excise Duty on MRP-Based Goods; Abatement Rates Range from 22% to 50%</h1> The notification issued by the Central Government under the Central Excise Act, 1944, specifies goods subject to excise duty based on the Maximum Retail Price (MRP) with prescribed rates of abatement. The notification supersedes previous notifications from 2005 and 2006, detailing a comprehensive list of goods, their corresponding chapter, heading, sub-heading, or tariff item, along with the percentage of abatement allowed on the retail sale price. The goods range from sugar preparations, chocolates, and biscuits to electronic appliances, cosmetics, and automotive parts, with abatement rates varying from 22% to 50%. This notification was later superseded by Notification No. 49/2008 CE(NT).
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