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:-.

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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.