Excise duty on items on which excise is levied on mrp value

Naveen Rishi Kumar (Director) (53 Points)

25 February 2015  

Is it possible for the manufacturer to charge excise duty on the assessable value basis on items for which duty has to be charged on MRP basis. If yes, then under what circumstances and what conditions are required to be fulfilled? Please mention if there is any department's circular/notification to this effect.