Query on excise valuation

[Nitin Agarwal]

Our product qualifies under sec 4A for MRP based valuation.My query is can we have multiple MRPs for a same product and pay excise duty based on these respective MRPs? Is there any established case law on this

regds

AI Summary

Different MRPs Allowed for Same Product Under Section 4A; Excise Duty Based on Highest MRP. A user inquired about the possibility of having multiple Maximum Retail Prices (MRPs) for the same product under Section 4A of the Central Excise Act, 1944, and whether excise duty could be based on these MRPs. Responses clarified that while different MRPs are permissible for different markets, excise duty is generally calculated on the highest MRP. Explanation 2 to Section 4A allows for different retail prices in different areas, and each price is considered the retail sale price for excise valuation. Some tribunal decisions support the view that different MRPs can be applied if not on the same package.