https://www.taxtmi.com/caselaws?id=270798 Imported LCD/LED monitors falling within the packaged-commodity regime requiring declaration of retail sale price were assessable to additional customs duty on MRP basis under section 3(2)(b) of the Customs Tariff Act read with section 4A of the Central Excise Act, rather than on transaction value. The nature of the downstream buyer, including supply to brand owners, was held irrelevant where the goods remained packaged commodities. A later amendment to the Legal Metrology Rules expressly covering importers and wholesale dealers did not alter the treatment for the earlier period. The differential duty demand was therefore unsustainable, and the consequential penalty also could not survive. en-us Thu, 10 Dec 2015 00:00:00 +0530 Sat, 05 Nov 2016 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270798 Imported LCD/LED monitors falling within the packaged-commodity regime requiring declaration of retail sale price were assessable to additional customs duty on MRP basis under section 3(2)(b) of the Customs Tariff Act read with section 4A of the Central Excise Act, rather than on transaction value. The nature of the downstream buyer, including supply to brand owners, was held irrelevant where the goods remained packaged commodities. A later amendment to the Legal Metrology Rules expressly covering importers and wholesale dealers did not alter the treatment for the earlier period. The differential duty demand was therefore unsustainable, and the consequential penalty also could not survive. Case-Laws Customs Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270798