TaxTMI 
TaxTMI 
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
Query on excise valuation
13 Mar 2012 
9 Replies 
1353 Views Asked by
Guest 
MRP-based valuation: area-specific MRPs may determine excise value, though package-specific treatment can prevent using the highest MRP.
The Section 4A MRP-based valuation framework provides that where multiple MRPs attach to the same pack the maximum retail price may be deemed the retail sale price for excise valuation, while an explanatory clause permits different area-specific retail sale prices to be treated as the retail sale price for goods sold in those areas; tribunal decisions cited in the discussion have sometimes refused to apply the highest MRP where different MRPs are not on the same package. (AI Summary)
The Section 4A MRP-based valuation framework provides that where multiple MRPs attach to the same pack the maximum retail price may be deemed the retail sale price for excise valuation, while an explanatory clause permits different area-specific retail sale prices to be treated as the retail sale price for goods sold in those areas; tribunal decisions cited in the discussion have sometimes refused to apply the highest MRP where different MRPs are not on the same package. (AI Summary)