https://www.taxtmi.com/caselaws?id=310713 CESTAT Mumbai held that industrial consumers declaring MRP at importation should have such MRP ignored under Standards of Weights and Measures Act, 1976. The appellants legally declared MRP only once during clearance from Panvel warehouse, not at importation. Section 4A determines value based on declared MRP/RSP at clearance time, not through revenue authority re-determination. Adhoc customs value using 2.5 times FOB cannot constitute declared MRP but serves specific clearance purposes. Goods underwent manufacturing process post-customs clearance, becoming different products. Appeal allowed, impugned order lacked merit. en-us Wed, 01 Mar 2023 00:00:00 +0530 Thu, 09 Nov 2023 08:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310713 CESTAT Mumbai held that industrial consumers declaring MRP at importation should have such MRP ignored under Standards of Weights and Measures Act, 1976. The appellants legally declared MRP only once during clearance from Panvel warehouse, not at importation. Section 4A determines value based on declared MRP/RSP at clearance time, not through revenue authority re-determination. Adhoc customs value using 2.5 times FOB cannot constitute declared MRP but serves specific clearance purposes. Goods underwent manufacturing process post-customs clearance, becoming different products. Appeal allowed, impugned order lacked merit. Case-Laws Central Excise Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310713