Deemed manufacture is classified into 2 types. In the 2nd type in has been mentioned as follows
“in respect of goods specified in third schedule to central excise act repacking, relabelling, putting or altering retail sale price etc. will be manufacture. The goods included in the third schedule of central excise act are same as those on which excise duty is payable u/s 4A on basis of MRP printed on the package”
My doubt is, third schedule to CETA covers the goods to be valued under MRP provisions. But in the above definition it is specified as third schedule to central excise act. Is it correct?
17 November 2012
When one looks to third schedule of both Acts, he/she will find that both are same in all respects, word to word. And well said vardan sharma about both rules of VS Datey.
CAclubindia
