https://www.taxtmi.com/caselaws?id=3784 For valuation under Section 4A, a duly declared retail sale price must be accepted unless the law specifically requires otherwise or there is evidence that the declared MRP is not the applicable price. The rules did not require the package to state the area or region for which a particular MRP applied, so region-wise MRPs could not be rejected merely for lack of area identification. In clearances to institutional or project buyers, the declared MRP for that buyer class had to be accepted, and the contract price could not be substituted as the retail sale price. Duty demands and penalties based on such substitution were unsustainable. en-us Wed, 09 Jan 2008 00:00:00 +0530 Wed, 30 Apr 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3784 For valuation under Section 4A, a duly declared retail sale price must be accepted unless the law specifically requires otherwise or there is evidence that the declared MRP is not the applicable price. The rules did not require the package to state the area or region for which a particular MRP applied, so region-wise MRPs could not be rejected merely for lack of area identification. In clearances to institutional or project buyers, the declared MRP for that buyer class had to be accepted, and the contract price could not be substituted as the retail sale price. Duty demands and penalties based on such substitution were unsustainable. Case-Laws Central Excise Wed, 09 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3784