TaxTMI 
TaxTMI 
I am a Manufacturer and My products are under excise, but not under MRP Based Excise. Can I have different MRPs for the same product? And what will be the Excise implication.
excise for diffrence mrp.
09 Jan 2016 
3 Replies 
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MRP-based valuation cannot be used unless statutory notification permits it; unauthorised MRP use risks duty shortfall and penalties.
Where a product is not specified for MRP-based valuation under Section 4A and the relevant notification, a manufacturer cannot treat MRP as the basis for excise valuation and cannot lawfully adopt different MRPs for excise purposes; opting for MRP valuation in such circumstances creates a likelihood of short payment of duty and attracts separate penalties for adopting Section 4A in place of Section 4. (AI Summary)
Where a product is not specified for MRP-based valuation under Section 4A and the relevant notification, a manufacturer cannot treat MRP as the basis for excise valuation and cannot lawfully adopt different MRPs for excise purposes; opting for MRP valuation in such circumstances creates a likelihood of short payment of duty and attracts separate penalties for adopting Section 4A in place of Section 4. (AI Summary)