https://www.taxtmi.com/caselaws?id=238801 The tribunal granted waiver and stay of the demanded differential duty, penalty, and interest on imported goods, amounting to Rs.1,10,29,877/-, based on the absence of a statutory procedure for valuing goods on MRP/RSP basis. The tribunal emphasized that without a specific provision for determining RSP, a reasonable procedure should be adopted, aligning with previous judgments by the tribunal and the Supreme Court. The decision was influenced by the ABB Ltd. case, leading to the waiver of pre-deposit and stay of recovery against the demand and associated penalties. en-us Mon, 29 Apr 2013 00:00:00 +0530 Thu, 31 Oct 2013 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238801 The tribunal granted waiver and stay of the demanded differential duty, penalty, and interest on imported goods, amounting to Rs.1,10,29,877/-, based on the absence of a statutory procedure for valuing goods on MRP/RSP basis. The tribunal emphasized that without a specific provision for determining RSP, a reasonable procedure should be adopted, aligning with previous judgments by the tribunal and the Supreme Court. The decision was influenced by the ABB Ltd. case, leading to the waiver of pre-deposit and stay of recovery against the demand and associated penalties. Case-Laws Customs Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238801