DIFFERENCES IN MRP WITH SAME PRODUCTS

[DEEPAK SHARMA]

OUR GOODS FALLING UNDER SEC-4A, 

                                       MRP FOR OLD DEALER              MRP FOR OTHER WHO SALE ON 50% DISCOUT

PRODUCTS "A"                      MRP  299                                                                 MRP 349

                                             Daily Routine sale                                                 From 1.1.13 to Big Bazar

                                                                                                                                who is saling on 50% discount

 

Is old MRP effected as higjer MRP is concedering in excise ACT with retrospective effect

AI Summary

MRP discrepancy: higher printed MRP may determine excise valuation even when products sell at deep discount.
Taxpayer queries whether divergent printed Maximum Retail Price (MRP) figures for the same product, with one channel selling at deep discount and another showing a higher MRP, permit treating the higher printed MRP for excise valuation - potentially with retrospective effect under the statutory valuation regime - thereby affecting manufacturers or distributors despite discounted retail sales.