Excise Duty on MRP

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..... Excise Duty on MRP
Query (Issue) Started By: - A Wilson Dated:- 29-9-2016 Last Reply Date:- 5-10-2016 Central Excise
Got 8 Replies
Central Excise
Dear Experts, Product MRP - ₹ 100 Abatement - 30% Selling Price @ factory to Retail Dealer - ₹ 80/- Pls advice whether * Excise Duty Payable on Rs.70 (After abatement of 30% on MRP ) or * Excise Duty Payable on ₹ 8 .....

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..... 0 ( Factory Gate Price) Thanks, A.Wilson Reply By Rajagopalan Ranganathan: The Reply: Sir, If you sell the product at the MRP declared on the package then you have to pay duty on ₹ 70/-. If you sell the same product in bulk to industrial consumers at the factory gate then the valuation has to adopted under Section 4 of CEA, 1944 and not under Section 4A of CEA, 1944. Reply By Ganeshan .....

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..... Kalyani: The Reply: Either of the provison is applicable. It is optional . Either to pay ED on transaction value or on MRP value. Reply By A Wilson: The Reply: Thanks You Sirs for your kind & immediate reply. Can you share any Rule/Circular/Notification to pay duty at our Option either U/s.4(Normal Transaction Value) or 4A(MRP based). A.Wilson Reply By Ganeshan Kalyani: The Reply: Please go .....

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..... through the following provision Section 4 : Valuation of Excisable goods for purposes of charging of duty of excise Section 4A : Valuation of excisable goods with reference to retail sale price. Reply By A Wilson: The Reply: Dear Sir, Thank You. Could you highlight the optional duty payment provision for MRP applicable products as i am unable to found the optional provision. Thanks A.Wilson .....

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..... Reply By Ganeshan Kalyani: The Reply: Sri Rajagopalan Sir's reply need to be referred by you in addition to the provision cited in my reply. Reply By YAGAY AND SUN: The Reply: There are no such provisions exist in the Central Excise Law to pay the duty optionally. Reply By A Wilson: The Reply: Thank You all for your valuable replies
Discussion Forum - Knowledge Sharing .....

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