Abatement on mrp products

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What is the rate of abatement on Electric Switches that comes under 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%

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