Section 4a of excise act 1944
This query is : Resolved
Dimple Kotak
(Querist)
20 March 2014
As per section 4A of excise act, 1944 when goods are required to declare MRP then excise duty to be calculated on MRP value
But my question as per defintion of MRP it includes all taxes then how custom duty can be charged on MRP price.
Pls help in this confusion
20 March 2014
cos if mrp goods coveerd by customs due to import then excise will be applicable on this amount also as per def of sec 4A.
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