Economics · Economy
Which of the following statements regarding MRP-Based Valuation under Section 4A of the excise framework is/are correct? 1. This valuation method is specifically applied to consumer products, with items like packaged toothpaste serving as standard examples. 2. The taxable value is determined by subtracting a standard abatement or discount from the Maximum Retail Price (MRP). 3. This method is distinct from 'Transaction Value' which is based on the actual price paid by an unrelated buyer. Select the answer using the code given below:
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