Abatement as a percentage of retail sale price, Other Topics

[Kishan Barai]

Respected Sir/ Madam

"what is Abatement as a percentage of retail sale price ? "

I have tried to google it but unable to get accurate answer, please help. Thank you in advance.

Posts / Replies

[Ganeshan Kalyani]

MRP is always higher than the transaction value because it is the maximum price to be collected from ultimate customer. There are two types of value on which excise duty is to be calculated. One is on advolrem rate and second is MRP. The abatement rate is given in Notification No. 49/2008-Ce (NT). Thanks.

[Kishan Barai]

Thank you very much Ganeshan Kalyani Sir for a prompt response. Thanks a lot.