Retail sale price determination: highest ascertained price applies when declared price is missing, incorrect, or obliterated. Where excisable goods are removed without a proper retail sale price declaration, with an incorrect declared price, or after obliteration of the declared price, the retail sale price is ascertained first by using a declared price for identical goods manufactured and removed within one month before or after removal; if that is not possible, by sample-based enquiries in the retail market where the goods are normally sold at or about the time of removal. If more than one price is ascertained, the highest price is applied to all such goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retail sale price determination: highest ascertained price applies when declared price is missing, incorrect, or obliterated.
Where excisable goods are removed without a proper retail sale price declaration, with an incorrect declared price, or after obliteration of the declared price, the retail sale price is ascertained first by using a declared price for identical goods manufactured and removed within one month before or after removal; if that is not possible, by sample-based enquiries in the retail market where the goods are normally sold at or about the time of removal. If more than one price is ascertained, the highest price is applied to all such goods.
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