TMI BlogExcise Duty on MRPX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ₹ 80 ( Factory Gate Price) Thanks, A.Wilson - Reply By Rajagopalan Ranganathan - The Reply = Sir, If you sell the product at the MRP declared on the pac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kage 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 Kalyani - The Reply = Either of the provison is applicable. It is optional . Either to pay ED on transaction value or on MRP value. - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly 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 through the following provision Section 4 : Valuation of Excisable goods for purposes of charging of duty of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - Reply By Ganeshan Kalyani - The Reply = Sri Rajagopalan Sir's reply nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 - Excise Duty on MRP - Query Started By: - A Wilson Dated:- 29-9-2016 Central Excise - Got 8 Replies - Central Excise - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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