Central Excise Valuation: Use Transaction Value for "Free Not for Sale" Goods Lacking MRP. Standards Act Not Applicable. https://www.taxtmi.com/highlights?id=36533 Method of valuation - MRP based value or transaction value - on the pack no MRP mentioned and the packs also bore the mention that Free not for sale. Therefore, the provisions of Standards of Weights and Measures Act, 1976 and Rules made there under do not apply in such supplies. en-us Fri, 06 Oct 2017 15:33:38 +0530 Fri, 06 Oct 2017 15:33:38 +0530 TaxTMI RSS Generator Central Excise Valuation: Use Transaction Value for "Free Not for Sale" Goods Lacking MRP. Standards Act Not Applicable. https://www.taxtmi.com/highlights?id=36533 Method of valuation - MRP based value or transaction value - on the pack no MRP mentioned and the packs also bore the mention that Free not for sale. Therefore, the provisions of Standards of Weights and Measures Act, 1976 and Rules made there under do not apply in such supplies. Highlights Central Excise Fri, 06 Oct 2017 15:33:38 +0530 https://www.taxtmi.com/highlights?id=36533