https://www.taxtmi.com/caselaws?id=113465 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the applicant in a case concerning the applicability of a higher Maximum Retail Price (MRP) on Air Conditioners cleared at the factory gate at Silvassa. The Tribunal held that when only one retail sale price is declared on the package, the adoption of a higher price may not be justified under the law. As a result, the Tribunal waived the pre-deposit of duty and penalty, leading to the waiver of the entire duty demand and penalty with recovery stayed pending disposal of the appeals. en-us Wed, 05 May 2004 00:00:00 +0530 Sat, 05 May 2012 14:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113465 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the applicant in a case concerning the applicability of a higher Maximum Retail Price (MRP) on Air Conditioners cleared at the factory gate at Silvassa. The Tribunal held that when only one retail sale price is declared on the package, the adoption of a higher price may not be justified under the law. As a result, the Tribunal waived the pre-deposit of duty and penalty, leading to the waiver of the entire duty demand and penalty with recovery stayed pending disposal of the appeals. Case-Laws Central Excise Wed, 05 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113465