Could any one tell me in which provision of the Excise Act the excise duty on cement is calculated on the MRP instead of the basic price?
2 Replies
Ronen
(Article)
(30 Points)
Replied 17 July 2010
Dear sivasubramania
Under section 4A of the Central Excise Act 1944, Excise Duty will be calculated with reference to Retail Selling Price.
The file attached may be also useful to you. Read chapter 25 of the attachment.
Attached File : 5 exnotecex 11.pdf downloaded: 219 times
vivek
(CA)
(74 Points)
Replied 25 July 2010
Under section 4A of the Central Excise Act 1944, Excise Duty will be calculated with reference to Retail Selling Price
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