Check sibling questions

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

About the Author

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.