https://www.taxtmi.com/caselaws?id=321 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the assessable value of the product "Shikakai-3 in 1 Toilet Soap," emphasizing the importance of the printed maximum retail price (MRP) in determining the value for excise duty purposes. The judgment clarified that the MRP declared by the manufacturer is the relevant factor for assessment, and authorities cannot intervene to set a different value without evidence of overpricing. The revenue's appeal was rejected as there was no evidence to support the allegation of under-valuation due to a price reduction scheme. en-us Tue, 29 Nov 2005 00:00:00 +0530 Sun, 13 Apr 2008 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=321 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the assessable value of the product "Shikakai-3 in 1 Toilet Soap," emphasizing the importance of the printed maximum retail price (MRP) in determining the value for excise duty purposes. The judgment clarified that the MRP declared by the manufacturer is the relevant factor for assessment, and authorities cannot intervene to set a different value without evidence of overpricing. The revenue's appeal was rejected as there was no evidence to support the allegation of under-valuation due to a price reduction scheme. Case-Laws Central Excise Tue, 29 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=321