https://www.taxtmi.com/caselaws?id=377069 Watches covered by the relevant notifications were assessable under Section 4A of the Central Excise Act, 1944 because they were goods specified by notification and required a retail sale price declaration on the package under the applicable legal scheme. Once so notified, valuation had to be based on retail sale price, not Section 4. The argument that the goods were outside the concept of packaged commodities was rejected, as the statutory framework and the settled meaning of "commodity in packaged form" supported Section 4A valuation. The result was that assessment under Section 4 failed. en-us Mon, 18 Mar 2019 00:00:00 +0530 Fri, 22 Mar 2019 06:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377069 Watches covered by the relevant notifications were assessable under Section 4A of the Central Excise Act, 1944 because they were goods specified by notification and required a retail sale price declaration on the package under the applicable legal scheme. Once so notified, valuation had to be based on retail sale price, not Section 4. The argument that the goods were outside the concept of packaged commodities was rejected, as the statutory framework and the settled meaning of "commodity in packaged form" supported Section 4A valuation. The result was that assessment under Section 4 failed. Case-Laws Central Excise Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377069