https://www.taxtmi.com/caselaws?id=449576 The CESTAT Chennai allowed the appeal regarding MRP-based valuation under Section 4A versus transaction value under Section 4 for MCCB packages cleared to industrial/institutional consumers. The appellant had affixed stickers indicating products were specially packed for exclusive industrial use, not retail sale, believing no MRP requirement existed under Packaged Commodity Rules, 1977. The tribunal found no deliberate duty evasion as the appellant filed proper invoices and returns, constituting a bonafide belief based on differing legal interpretations. The show cause notice issued on 11.05.2012 for period 01.04.2007 to 27.05.2008 was held barred by limitation, resulting in demand not surviving and penalties being unsustainable. en-us Wed, 14 Feb 2024 00:00:00 +0530 Wed, 21 Feb 2024 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449576 The CESTAT Chennai allowed the appeal regarding MRP-based valuation under Section 4A versus transaction value under Section 4 for MCCB packages cleared to industrial/institutional consumers. The appellant had affixed stickers indicating products were specially packed for exclusive industrial use, not retail sale, believing no MRP requirement existed under Packaged Commodity Rules, 1977. The tribunal found no deliberate duty evasion as the appellant filed proper invoices and returns, constituting a bonafide belief based on differing legal interpretations. The show cause notice issued on 11.05.2012 for period 01.04.2007 to 27.05.2008 was held barred by limitation, resulting in demand not surviving and penalties being unsustainable. Case-Laws Central Excise Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449576