Abatement on retail sale price specified for enumerated excisable goods under section four A to determine assessable value. The notification prescribes an abatement regime under section 4A for specified excisable goods listed by tariff chapter/heading, allowing a stated percentage of the retail sale price as abatement in computing assessable value. It defines 'retail sale price' as the maximum packaged price to the ultimate consumer inclusive of taxes, freight, dealer commission and ancillary charges where that price is the sole consideration, and supersedes the earlier notification referenced.
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.
Abatement on retail sale price specified for enumerated excisable goods under section four A to determine assessable value.
The notification prescribes an abatement regime under section 4A for specified excisable goods listed by tariff chapter/heading, allowing a stated percentage of the retail sale price as abatement in computing assessable value. It defines "retail sale price" as the maximum packaged price to the ultimate consumer inclusive of taxes, freight, dealer commission and ancillary charges where that price is the sole consideration, and supersedes the earlier notification referenced.
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 
