https://www.taxtmi.com/caselaws?id=117164 The Tribunal set aside the duty demands and penalties imposed by the Collector of Central Excise, Delhi, on GTC Industries Limited, totaling Rs. 25,28,95,800/-. The decision was based on the Supreme Court's precedent that mandated the acceptance of the printed MRP for duty calculations, irrespective of actual sale prices. The Tribunal found no direct link between the security deposit scheme and advertisement expenses to GTC's alleged benefit from extra collections. Consequently, the appeals were allowed in favor of GTC Industries Limited, nullifying the allegations of false declarations and excess collections. en-us Fri, 09 Dec 2005 00:00:00 +0530 Mon, 08 Apr 2024 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117164 The Tribunal set aside the duty demands and penalties imposed by the Collector of Central Excise, Delhi, on GTC Industries Limited, totaling Rs. 25,28,95,800/-. The decision was based on the Supreme Court's precedent that mandated the acceptance of the printed MRP for duty calculations, irrespective of actual sale prices. The Tribunal found no direct link between the security deposit scheme and advertisement expenses to GTC's alleged benefit from extra collections. Consequently, the appeals were allowed in favor of GTC Industries Limited, nullifying the allegations of false declarations and excess collections. Case-Laws Central Excise Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117164