https://www.taxtmi.com/caselaws?id=125530 Footwear covered by the MRP-based valuation scheme under Section 4A of the Central Excise Act, 1944 had to be assessed on the declared MRP, not on contract price merely because supplies were made to institutional buyers. The show cause notice referred to MRP marking and alleged additional collection, but there was no finding that total realisations from the sales exceeded the relevant MRP. In the absence of such a finding, valuation could not be shifted away from the statutory MRP mechanism. The demand based on contract price was therefore unsustainable. en-us Wed, 22 Jul 2009 00:00:00 +0530 Fri, 26 Oct 2012 10:18:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125530 Footwear covered by the MRP-based valuation scheme under Section 4A of the Central Excise Act, 1944 had to be assessed on the declared MRP, not on contract price merely because supplies were made to institutional buyers. The show cause notice referred to MRP marking and alleged additional collection, but there was no finding that total realisations from the sales exceeded the relevant MRP. In the absence of such a finding, valuation could not be shifted away from the statutory MRP mechanism. The demand based on contract price was therefore unsustainable. Case-Laws Central Excise Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125530