Larger Bench rules in favor of assessee: Use transaction value, not MRP, for wholesale packing valuation in Roys Industries case.

Larger Bench rules in favor of assessee: Use transaction value, not MRP, for wholesale packing valuation in Roys Industries case. https://www.taxtmi.com/highlights?id=13112 Valuation - whole sale packing - MRP Based or Transaction value - The majority decision of the Larger Bench in the case of Roys Industries [2010 (9) TMI 257] cannot be followed - Decided in favor of assessee. - AT en-us Thu, 20 Jun 2013 12:01:49 +0530 Thu, 20 Jun 2013 12:01:49 +0530 TaxTMI RSS Generator Larger Bench rules in favor of assessee: Use transaction value, not MRP, for wholesale packing valuation in Roys Industries case. https://www.taxtmi.com/highlights?id=13112 Valuation - whole sale packing - MRP Based or Transaction value - The majority decision of the Larger Bench in the case of Roys Industries [2010 (9) TMI 257] cannot be followed - Decided in favor of assessee. - AT Highlights Central Excise Thu, 20 Jun 2013 12:01:49 +0530 https://www.taxtmi.com/highlights?id=13112