https://www.taxtmi.com/caselaws?id=294709 The Tribunal ruled in favor of the Appellant, M/s Ishguru Hitech Care Products, in a case challenging the confiscation of goods valued at Rs. 27,55,950 under Rule 25 of Central Excise Rules, 2002. The penalty of Rs. 1,42,000 was also imposed. The dispute centered on the applicability of Maximum Retail Price (MRP) on manufactured goods and their classification under Tariff Heading No. 30039011. The Tribunal concluded that before March 1, 2013, Ayurvedic medicaments, including Patent and Proprietary products, were not subject to MRP assessment. Consequently, the impugned order was set aside, and the appeal was allowed in favor of the Appellant. en-us Thu, 29 Aug 2019 00:00:00 +0530 Thu, 29 Apr 2021 10:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294709 The Tribunal ruled in favor of the Appellant, M/s Ishguru Hitech Care Products, in a case challenging the confiscation of goods valued at Rs. 27,55,950 under Rule 25 of Central Excise Rules, 2002. The penalty of Rs. 1,42,000 was also imposed. The dispute centered on the applicability of Maximum Retail Price (MRP) on manufactured goods and their classification under Tariff Heading No. 30039011. The Tribunal concluded that before March 1, 2013, Ayurvedic medicaments, including Patent and Proprietary products, were not subject to MRP assessment. Consequently, the impugned order was set aside, and the appeal was allowed in favor of the Appellant. Case-Laws Central Excise Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294709