Excise on namkeens & biscuit

Prateek in my opinion Exise Duty will be calaulated on transaction value based on MRP on such product u/s4A...as it is a retail pack if it satisfies 2 condition laid down u/s 4A:

1) Required by Standard Weight & Measurement Act(SWMA)

2) If it notified by the Central Government

Now Transaction value wil be MRP less % notified by CG

That will be the  Assessable Value on which ED will be levied @ 14% + 3% +2%

Now lets c the other members agrees with me or not.

/forum/excise-duty-on-sweets-amp-namkeens-132861.asp

https://www.cbec.gov.in/excise/cx-circulars/cx-circulars-06/841-2006-cx.htm

Thanks Tanvi