https://www.taxtmi.com/caselaws?id=52329 Telephone instruments notified under section 4A of the Central Excise Act were held to fall under the MRP-based valuation scheme where the package had to declare retail sale price under the Standards of Weights and Measures law and the Packaged Commodities Rules. Bulk supply to DOT/MTNL, retention of ownership by the department, or later rental use by subscribers did not by itself create a statutory exception or justify valuation under section 4. The majority also held that a Board circular cannot narrow the statutory reach of section 4A. The dissent considered the circular and an earlier Tribunal view sufficient to support section 4 valuation for bulk supplies. en-us Fri, 10 Oct 2003 00:00:00 +0530 Sat, 06 Jul 2024 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52329 Telephone instruments notified under section 4A of the Central Excise Act were held to fall under the MRP-based valuation scheme where the package had to declare retail sale price under the Standards of Weights and Measures law and the Packaged Commodities Rules. Bulk supply to DOT/MTNL, retention of ownership by the department, or later rental use by subscribers did not by itself create a statutory exception or justify valuation under section 4. The majority also held that a Board circular cannot narrow the statutory reach of section 4A. The dissent considered the circular and an earlier Tribunal view sufficient to support section 4 valuation for bulk supplies. Case-Laws Central Excise Fri, 10 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52329