MRP-based excise abatement prescribed for specified goods, fixing abatements and defining retail sale price for valuation. Specifies an MRP-based abatement scheme under sub-section (2) of section 4A of the Central Excise Act, 1944 by listing tariff classifications and goods with corresponding abatement percentages of the retail sale price to compute dutiable value for packaged excisable goods. Defines retail sale price as the maximum packaged price to the ultimate consumer, expressly including taxes, freight, commission and related charges, which forms the base for applying the prescribed abatements.
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Provisions expressly mentioned in the judgment/order text.
MRP-based excise abatement prescribed for specified goods, fixing abatements and defining retail sale price for valuation.
Specifies an MRP-based abatement scheme under sub-section (2) of section 4A of the Central Excise Act, 1944 by listing tariff classifications and goods with corresponding abatement percentages of the retail sale price to compute dutiable value for packaged excisable goods. Defines retail sale price as the maximum packaged price to the ultimate consumer, expressly including taxes, freight, commission and related charges, which forms the base for applying the prescribed abatements.
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