Reduce the abatement from retail sale price (for calculating the assessable value) from 45% to 40% for plastic insulated ware and from 40% to 35% for vacuum flask - 002/2004 - Central Excise - Non Tariff

Reduce the abatement from retail sale price (for calculating the assessable value) from 45% to 40% for plastic insulated ware and from 40% to 35% for vacuum flask 

In exercise of the powers conferred by sub-section (1) of and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.13/2002-Central Excise (N.T.), dated the 1st March, 2002, namely:-

In the said notification, in the Table,-

(i) against S. No. 48, for the entry in column (4), the entry "40%" shall be substituted; and

(ii) against S. No. 92, for the entry in column (4), the entry "35%" shall be substituted.

F.No. 356/22/2003-TRU

Note : The principal notification No.13/2002-Central Excise (N.T.) dated the 1st March, 2002 was published in the Gazette of India, Extraordinary vide G.S.R. 152(E) dated the 1st March, 2002 and was last amended by notification No. 41/2003-Central Excise (N.T.) dated the 30th April, 2003 [G.S.R. 362(E) dated the 30th April, 2003].

(Please refer NTF. NO. 13/2004-CE(N.T.), DT. 09/07/2004 for further amendments in NTF. NO. 13/2002-CE(NT), DT. 01/03/2002)