What is the rate of abatement on Electric Switches that comes under MRP Products?
Sumiti Jain (FP) (1364 Points)
05 December 2012What is the rate of abatement on Electric Switches that comes under MRP Products?
Rakshit
(practising)
(338 Points)
Replied 05 December 2012
How can you say that your product is under MRP. Notification No.49/2008-CE,(NT), dt.24.12.2008 as last amended by Notification No.26/2012-CE(NT). dt.10.5.2012 does not figure out your product (CETH No. 8536). Even though, all MRP products when supplied to the Institutional buyers or Industrial consumers are not to be valued under MRP valuation(See Section 4A)
Raksh*t Verma advrcverma @ gmail.com
09810525780 0888 281 281 8
Sumiti Jain
(FP)
(1364 Points)
Replied 08 December 2012
Product is under Chapter 8536 50 20 other switches of plastic
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 12 December 2012
https://www.cbec.gov.in/excise/cx-act/notfns-2k8/cent49-2k8.htm
Pls refer to the s no 100. Aabtement is mentioned as 35%
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
