https://www.taxtmi.com/caselaws?id=122720 Packaged commodities marked for exclusive use as raw material by the printing and publishing industry qualified for the rule 34(a) exemption from MRP-based valuation before the prospective amendment to rule 2A took effect on 13-1-2007. The later insertion of the requirement of direct purchase by the industrial consumer from the manufacturer operated only prospectively and did not govern the earlier period. Goods routed through a depot or dealers were therefore not automatically liable to valuation under section 4A of the Central Excise Act, 1944, and were assessable under section 4 on transaction value instead. The analysis also noted that there is no estoppel in tax matters. en-us Tue, 07 Aug 2007 00:00:00 +0530 Tue, 31 Oct 2017 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122720 Packaged commodities marked for exclusive use as raw material by the printing and publishing industry qualified for the rule 34(a) exemption from MRP-based valuation before the prospective amendment to rule 2A took effect on 13-1-2007. The later insertion of the requirement of direct purchase by the industrial consumer from the manufacturer operated only prospectively and did not govern the earlier period. Goods routed through a depot or dealers were therefore not automatically liable to valuation under section 4A of the Central Excise Act, 1944, and were assessable under section 4 on transaction value instead. The analysis also noted that there is no estoppel in tax matters. Case-Laws Central Excise Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122720