Court Upholds Countervailing Duty on Goods Sold Above MRP Despite Lack of Specific Machinery Provisions in Law.

Court Upholds Countervailing Duty on Goods Sold Above MRP Despite Lack of Specific Machinery Provisions in Law. https://www.taxtmi.com/highlights?id=25057 Levy of CVD on MRP basis - After clearance form Customs, the appellants sold the goods at prices which are different from the MRP declared by them. - even if there are no machinery provisions laid down in Section 3(2) of the CTA and Section 4A(4) of the Central Excise Act, it cannot be concluded that Section 3(2) of the Customs Tariff Act will become ineffective and the law rendered otiose - AT en-us Fri, 02 Oct 2015 23:12:58 +0530 Fri, 02 Oct 2015 23:12:58 +0530 TaxTMI RSS Generator Court Upholds Countervailing Duty on Goods Sold Above MRP Despite Lack of Specific Machinery Provisions in Law. https://www.taxtmi.com/highlights?id=25057 Levy of CVD on MRP basis - After clearance form Customs, the appellants sold the goods at prices which are different from the MRP declared by them. - even if there are no machinery provisions laid down in Section 3(2) of the CTA and Section 4A(4) of the Central Excise Act, it cannot be concluded that Section 3(2) of the Customs Tariff Act will become ineffective and the law rendered otiose - AT Highlights Customs Fri, 02 Oct 2015 23:12:58 +0530 https://www.taxtmi.com/highlights?id=25057