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of <h1>Supreme Court Enforces Section 11AC Penalty for Non-Compliance with Retail Price Printing on TV Sets, Dismisses Appeal.</h1> The Supreme Court upheld a mandatory penalty equal to the duty under Section 11AC against a company for not printing retail prices on television sets at the factory, as required by the Standards of Weights and Measures Act, 1976. The company transferred goods to depots without printing prices, arguing that stock transfers were not sales and that gifts offered with sales affected the sole consideration. The Tribunal and Commissioner rejected these arguments, affirming the 18% ad valorem excise duty. The Court found the penalty justified, dismissing the appeal and emphasizing compliance with legal provisions on retail pricing.
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