Several Electronic Products subjected to excise on MRP Basis

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Several Electronic Products subjected to excise on MRP Basis

AIT News Network

NEW DELHI. Government has widened the scope of MRP Valuation under Section 4 A of Central Excise Act on several electronic products such as Printers, Fax,Computers, Ink cartridges, Modems, Set Top Boxes, Monitors etc. with effect from 25th January 2008.

Packing or re-packing or labeling or re-labelling of Printers, Fax, Computers, Ink cartridges, Modems, Set Top Boxes, Monitors etc. will also amount to “manufacture” with effect from 25th January 2008
Abatements of 25 per cent has notified for Printers, Ink Cartridges, Modems and Monitors. Further, Abatement of 24 per cent has been notified for Set Top Boxes for Internet and television sets whereas Abatement of 22.5 has been notified for Computers vide Central Excise Non-Tariff Notification No.5 dated 24th January 2008.
25th day of January, 2008 has been notified as the date for the purposes of clause (ii) of of section 133 of the Finance Act, 2007 vide Central Excise Non-Tariff Notification No.6

Click below for Central Excise Non-Tariff Notification No. 5 & 6