What is the rate of abatement on Electric Switches that comes under MRP Products?
Menu
Abatement on mrp products
Replies (3)
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
Product is under Chapter 8536 50 20 other switches of plastic
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%
Recent Topic
- Individual person having tution income more than 2
- Itr 3 and itr 4 last dates?
- Indexation v/s non indexation for capital gains
- Query for practicing CAs — how does your fir
- Treatment of NPS arrears in form 10E / ITR
- Sale of shares from non resident
- SEC 10(10CC) - TAX PAID BY EMPLOYER ON NON-MONETAR
- Buy back of shares
- Capital gain and federal tax withholding
- TIS amount
Related Topics
CAclubindia
