Excise Duty on Garments

Gaurav Gupta (Querist) 02 May 2011 This query is : Open
I am confuse regarding in Excise Duty on Garments The Excise Duty will charge on 45% on MRP whether transaction value is more or less. (ignores Transaction Value)
or

The Excise Duty will charge on transaction value. as per section 4 of Excise Tariff Act.

Regards

GAURAV GUPTA

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