https://www.taxtmi.com/caselaws?id=112956 Failure to declare the revised maximum retail price after the buyer's pricing instruction was treated as a breach of Section 4A because the revised price operated from the notified date, and the continued use of cartons bearing the old printed price did not defer that legal effect. The duty demand and finding of liability were therefore sustained. The penalty was nevertheless reduced because the goods were cleared against proper documents, fully reflected in statutory records, and the short payment arose from a bona fide legal misinterpretation rather than concealment or unaccounted removal. en-us Fri, 19 Mar 2004 00:00:00 +0530 Wed, 02 May 2012 18:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112956 Failure to declare the revised maximum retail price after the buyer's pricing instruction was treated as a breach of Section 4A because the revised price operated from the notified date, and the continued use of cartons bearing the old printed price did not defer that legal effect. The duty demand and finding of liability were therefore sustained. The penalty was nevertheless reduced because the goods were cleared against proper documents, fully reflected in statutory records, and the short payment arose from a bona fide legal misinterpretation rather than concealment or unaccounted removal. Case-Laws Central Excise Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112956