https://www.taxtmi.com/caselaws?id=340052 Paints marked for exclusive industrial use, including "BHEL USE ONLY" and "BHEL APPROVED," were treated as falling within the Rule 34(a) exemption from mandatory retail sale price declaration, so valuation was under Section 4 of the Central Excise Act, 1944 and not Section 4A. On that basis, the differential duty demand and consequential interest were upheld because the MRP-based valuation adopted below was not applicable. Penalty was dropped, however, as the record indicated confusion after introduction of Section 4A and possible reliance on earlier departmental advice. en-us Tue, 07 Mar 2017 00:00:00 +0530 Fri, 09 Feb 2018 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340052 Paints marked for exclusive industrial use, including "BHEL USE ONLY" and "BHEL APPROVED," were treated as falling within the Rule 34(a) exemption from mandatory retail sale price declaration, so valuation was under Section 4 of the Central Excise Act, 1944 and not Section 4A. On that basis, the differential duty demand and consequential interest were upheld because the MRP-based valuation adopted below was not applicable. Penalty was dropped, however, as the record indicated confusion after introduction of Section 4A and possible reliance on earlier departmental advice. Case-Laws Central Excise Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340052