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 

 

  1. Excise
  2. Valuation
Ask Download

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 8 years. He provides GST and Tax E-filinf training in Delhi. Register now.