https://www.taxtmi.com/article/detailed?id=67 The MRP-based valuation under Section 4A produces the assessable value by deducting the prescribed rebate from MRP; excise duty and cesses are then calculated on that resulting amount. Under this mechanism the actual sale price, local taxes (such as sales tax/VAT), all forms of discounts, adjustments under section 4, and the Central Excise Valuation Rules, 2000 are to be ignored for determination of excise assessable value. A reader query questions whether a lower selling price should instead govern when it exists alongside an applicable abatement. en-us Sun, 19 Aug 2007 00:00:00 +0530 Thu, 05 Mar 2009 15:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=67 The MRP-based valuation under Section 4A produces the assessable value by deducting the prescribed rebate from MRP; excise duty and cesses are then calculated on that resulting amount. Under this mechanism the actual sale price, local taxes (such as sales tax/VAT), all forms of discounts, adjustments under section 4, and the Central Excise Valuation Rules, 2000 are to be ignored for determination of excise assessable value. A reader query questions whether a lower selling price should instead govern when it exists alongside an applicable abatement. Articles Central Excise Sun, 19 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=67