It is done only if all the following conditions are satisfied

Excisable Goods are covered under Legal Metrology Act


Such law (Legal Metrology Act) requires declaration of Retail Sales Price


Central Government has notified such goods as well as their abatements



Just because goods are covered under Legal Metrology Act is not sufficient, Other two conditions must also be satisfied 


  1. Excise
  2. Valuation

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.