https://www.taxtmi.com/caselaws?id=430801 Packaged drinking water cleared to a customer for sale through snack bars was held not liable to valuation under Section 4A of the Central Excise Act because the packages were not shown to be required by the weight and measures law or any other law to bear retail sale price. The mere fact that the goods were specified was insufficient; absent a statutory obligation to declare MRP, valuation had to be under Section 4 on transaction value. The departmental theory of institutional sale and the demand based on MRP valuation therefore failed, and the consequential interest and penalty also could not survive. en-us Thu, 03 Nov 2022 00:00:00 +0530 Tue, 29 Nov 2022 09:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430801 Packaged drinking water cleared to a customer for sale through snack bars was held not liable to valuation under Section 4A of the Central Excise Act because the packages were not shown to be required by the weight and measures law or any other law to bear retail sale price. The mere fact that the goods were specified was insufficient; absent a statutory obligation to declare MRP, valuation had to be under Section 4 on transaction value. The departmental theory of institutional sale and the demand based on MRP valuation therefore failed, and the consequential interest and penalty also could not survive. Case-Laws Central Excise Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430801