Paints and Varnishes - Abatement from retail sale price for assessable of value - 38/97 - Central Excise - Non Tariff

Paints and Varnishes - Abatement from retail sale price for assessable of value

Notification No. 38/97-C.E. (N.T.)

Dated 27-8-1997

In exercise of the powers conferred by sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby allows forty per cent of the retail sale price as abatement in respect of goods falling under heading Nos. 32.08, 32.09 and 32.10 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).

2. This notification shall come into force on the 1st day of September, 1997.