https://www.taxtmi.com/caselaws?id=349491 The appellate tribunal ruled in favor of the appellant in a case concerning the assessment of duty on Retail Sale Price (RSP) for Colour Televisions (CTVs). The tribunal emphasized that duty liability is determined by the MRP declared at the time of clearance, not actual transaction prices. As per Section 4A, duty payment is linked to the declared MRP, and discrepancies in actual sale prices do not affect duty liability if the MRP at clearance was correctly considered. The tribunal found the Revenue's demand for differential duty unsustainable, as there was no evidence that goods were sold above the declared MRP, ultimately absolving the appellant of the duty demand. en-us Tue, 19 Sep 2017 00:00:00 +0530 Mon, 16 Oct 2017 09:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349491 The appellate tribunal ruled in favor of the appellant in a case concerning the assessment of duty on Retail Sale Price (RSP) for Colour Televisions (CTVs). The tribunal emphasized that duty liability is determined by the MRP declared at the time of clearance, not actual transaction prices. As per Section 4A, duty payment is linked to the declared MRP, and discrepancies in actual sale prices do not affect duty liability if the MRP at clearance was correctly considered. The tribunal found the Revenue's demand for differential duty unsustainable, as there was no evidence that goods were sold above the declared MRP, ultimately absolving the appellant of the duty demand. Case-Laws Central Excise Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349491