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    <title>MRP based duty of Excise - Prescribes rate of abatement</title>
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    <description>The notification specifies that, for specified goods listed by tariff heading or item, a percentage abatement of the retail sale price is allowed when determining the excise taxable value; the Table assigns the abatement percentage for each listed good. &quot;Retail sale price&quot; is defined to include taxes, freight, commissions and related charges for packaged goods, with a special definition for certain medicaments under the Drugs (Prices Control) Order. The notification supersedes an earlier notification and was later superseded by Notification No.01/2022.</description>
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