Tariff Value of Cosmetics
under MRP Based Assessment Fixed on Retail Transaction Value Basis
[Central Excise Notification No. 16 (Non Tariff) dated 31st December 2013]
In exercise of the powers conferred by
sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the
Central Government hereby fixes tariff value in respect of the excisable goods,
falling under heading 3304 of the First Schedule to the Central Excise Tariff
Act, 1985 (5 of 1986), in retail packages, and in respect of which the
provisions of section 4A of the Central Excise Act, 1944 (1 of 1944) do not
apply, equivalent to the retail sale price declared on such goods less such
amount of abatement from such retail sale price as specified for such goods in
the notification of the Government of India in the Ministry of Finance
(Department of Revenue), No.49/2008-Central Excise (N.T.), dated the 24th
December, 2008 vide number G.S.R.
882(E), dated the 24th December, 2008.
Explanation
1.– For the purposes of this notification ‘retail sale price’ means
the maximum price at which the excisable goods in packaged form may be sold to
the ultimate consumer and includes all taxes, local or otherwise, freight,
transport charges, commission payable to dealers and all charges towards
advertisement, delivery, packing, forwarding and the like, as the case may be,
and the price is the sole consideration for such sale.
Explanation
2.– For the purposes of this notification, ‘retail package’ means a
package which is intended for retail sale to the ultimate consumer for the
purpose of consumption of the goods contained therein and includes an imported
package:
Provided that for the
purposes of this Explanation, the
expression 'ultimate consumer' shall not include industrial or institutional
consumers.
[F.No.345/2/2013-TRU]