https://www.taxtmi.com/circulars?id=427 Valuation of notified excisable goods depends on whether the manufacturer is statutorily required under the Standards of Weights and Measures Act or other law to declare the retail sale price on the package. If a statutory MRP printing obligation exists, valuation follows Section 4A; if not, valuation is to be done under the general provisions of the Central Excise Act (transaction value or tariff value as applicable). Exemptions in the Packaged Commodity Rules and state metrology clarifications determine mixed assessments, and failure to print a statutorily required MRP may attract confiscation. en-us Thu, 28 Feb 2002 00:00:00 +0530 Tue, 23 Sep 2008 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=427 Valuation of notified excisable goods depends on whether the manufacturer is statutorily required under the Standards of Weights and Measures Act or other law to declare the retail sale price on the package. If a statutory MRP printing obligation exists, valuation follows Section 4A; if not, valuation is to be done under the general provisions of the Central Excise Act (transaction value or tariff value as applicable). Exemptions in the Packaged Commodity Rules and state metrology clarifications determine mixed assessments, and failure to print a statutorily required MRP may attract confiscation. Circulars Central Excise Thu, 28 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=427