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TMI Blogduty calculationX X X X Extracts X X X X X X X X Extracts X X X X ..... we manufacture certain goods belonging to Chapter 16 of CETA. The goods are not seen in Third Schedule to CETA. An abatement of 35 % is declared in the abatement notification. the goods are packed and cleared in 'unit containers'. How the excise duty is to be calculated? based on MRP or on transaction value? - Reply By PAWAN KUMAR - The Reply = Dear Sir, Duty is to be calculated on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MRP. As per your statement, there is an abatement of 35%. For example : If MRP is ₹ 100/-, Less abatement of 35% i.e. ₹ 35/-, Net assessable value would be ₹ 65/- on which duty is to be charged @ 12.36%. - Reply By PAWAN KUMAR - The Reply = Dear Sir, As you are manufacturing goods packing them in unit container. As per my view, both the options are available. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... If you are putting MRP on each container and it is your final price, then MRP based assessment will apply according to S.No.110 of Noti.No.49/2008-CE (NT) dt. 24.12.2008 as amended. This is irrelevant that your product is not under third schedule. The rate would be MRP - less abatement = assessable value of goods on which 6.18% rate of duty apply. If you opt for transaction value of your uni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t container as final price, 6.18% of such value would be the rate of duty. - duty calculation - Query Started By: - Dalia Felix Dated:- 16-12-2014 Central Excise - Got 2 Replies - Central Excise - 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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