https://www.taxtmi.com/caselaws?id=119242 Valuation of excisable garments sold through retail outlets, where no wholesale price was available, had to be determined by working out the nearest equivalent wholesale price under Section 4 of the Central Excise Act, 1944, after allowing reasonable deductions for retailer's margin and retailing expenses. On a prima facie view, valuation based only on MRP with deductions for sales tax and central excise duty was not sustainable. The demand was therefore treated as insufficient to deny interim relief, and full waiver of pre-deposit with stay of recovery was justified pending final hearing. en-us Fri, 07 Jul 2006 00:00:00 +0530 Mon, 09 Jul 2012 18:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119242 Valuation of excisable garments sold through retail outlets, where no wholesale price was available, had to be determined by working out the nearest equivalent wholesale price under Section 4 of the Central Excise Act, 1944, after allowing reasonable deductions for retailer's margin and retailing expenses. On a prima facie view, valuation based only on MRP with deductions for sales tax and central excise duty was not sustainable. The demand was therefore treated as insufficient to deny interim relief, and full waiver of pre-deposit with stay of recovery was justified pending final hearing. Case-Laws Central Excise Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119242