https://www.taxtmi.com/news?id=1254 MRP based valuation under Central Excise does not apply where a package falls within Rule 34 exemptions of the Standards of Weights and Measures (Packaged Commodities) Rules, 1977; in such cases valuation is to be made under Section 4. Rule 34 exempts packages with net quantity of ten grams or ten millilitres or less, requires declaration for 10-20 g/ml packages, and exempts fast food packages by restaurants, formulations under the Drugs (Price Control) Order, 1995, and agricultural produce in packages above fifty kilograms. en-us Mon, 20 Sep 2010 23:42:49 +0530 Mon, 20 Sep 2010 23:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1254 MRP based valuation under Central Excise does not apply where a package falls within Rule 34 exemptions of the Standards of Weights and Measures (Packaged Commodities) Rules, 1977; in such cases valuation is to be made under Section 4. Rule 34 exempts packages with net quantity of ten grams or ten millilitres or less, requires declaration for 10-20 g/ml packages, and exempts fast food packages by restaurants, formulations under the Drugs (Price Control) Order, 1995, and agricultural produce in packages above fifty kilograms. News - Mon, 20 Sep 2010 23:42:49 +0530 https://www.taxtmi.com/news?id=1254