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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2012 A Hosiery Industry liable to excise duty on 30% of MRP. But as the export sales is exempt and there is no concept of MRP in export, then what will be the assessable value for ARE-1 purpose:-
1. 30% on MRP as Local Sale
2. 100% invoice vale
3. 30% invoice vale
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NILESH MANDOLE, MBA (Fin),CS

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NILESH MANDOLE, MBA (Fin),CS (Expert)
02 September 2012 30 % on MRP
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 September 2012 I am not clear...as u havnt explained...and there is no concept of MRP in Export what about that.
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