MRP-based assessment excludes quantity discounts and bonus quantities, requiring enforcement of tribunal valuation guidance. Clarification that MRP-based assessment excludes allowance for quantity discounts and bonus quantities; tribunal held such discounts apply under general valuation but not under MRP valuation. Officers must follow the tribunal order to protect revenue while a High Court appeal without stay is pending; trade to be informed and receipt acknowledged.
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.
MRP-based assessment excludes quantity discounts and bonus quantities, requiring enforcement of tribunal valuation guidance.
Clarification that MRP-based assessment excludes allowance for quantity discounts and bonus quantities; tribunal held such discounts apply under general valuation but not under MRP valuation. Officers must follow the tribunal order to protect revenue while a High Court appeal without stay is pending; trade to be informed and receipt acknowledged.
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