Check sibling questions
Excise
Valuation

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

 

Note:-.

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

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.