https://www.taxtmi.com/caselaws?id=773492 Lubricants and lubrication preparations imported as not for retail sale and marked for industrial use only were held outside MRP-based valuation under Section 4A of the Central Excise Act, 1944. The Tribunal applied the settled position that MRP assessment applies only to goods required to bear a retail sale price under the Legal Metrology regime and intended for retail sale. As the goods were shown to be supplied to industrial or institutional consumers, revision of the declared value was not warranted under the MRP method, and the demand was not sustainable. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773492 Lubricants and lubrication preparations imported as not for retail sale and marked for industrial use only were held outside MRP-based valuation under Section 4A of the Central Excise Act, 1944. The Tribunal applied the settled position that MRP assessment applies only to goods required to bear a retail sale price under the Legal Metrology regime and intended for retail sale. As the goods were shown to be supplied to industrial or institutional consumers, revision of the declared value was not warranted under the MRP method, and the demand was not sustainable. Case-Laws Customs Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773492