https://www.taxtmi.com/caselaws?id=110253 For goods covered by Section 4A, assessable value is mandatorily based on the retail sale price declared on the package, after permitted abatement, notwithstanding the general valuation rule under Section 4. A declaration in Rule 173C(2A) functions only as an intimation mechanism and cannot alter or override the statutory valuation basis. The reasoning follows the Karnataka High Court view that the package MRP, not the declaration form, governs valuation. Where duty is paid on the declared MRP basis, no short-levy arises and a demand adopting a different valuation method is unsustainable. en-us Fri, 12 Dec 2003 00:00:00 +0530 Sat, 14 Apr 2012 13:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110253 For goods covered by Section 4A, assessable value is mandatorily based on the retail sale price declared on the package, after permitted abatement, notwithstanding the general valuation rule under Section 4. A declaration in Rule 173C(2A) functions only as an intimation mechanism and cannot alter or override the statutory valuation basis. The reasoning follows the Karnataka High Court view that the package MRP, not the declaration form, governs valuation. Where duty is paid on the declared MRP basis, no short-levy arises and a demand adopting a different valuation method is unsustainable. Case-Laws Central Excise Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110253