https://www.taxtmi.com/caselaws?id=52686 A refundable security deposit collected under a Money Back Scheme was treated as separate from the printed retail sale price because it was evidenced by promissory notes, shown as a liability, and repayable with interest after a fixed period; it therefore did not form part of sale consideration for valuation under Section 4A of the Central Excise Act. Optional Basket Scheme sales also did not justify rejection of the declared maximum retail price, as the notification did not require discarding a bona fide MRP merely because some consumers paid less than the printed price. On that reasoning, the declared MRP remained the proper basis for assessment and specific-rate duty was not attracted. en-us Fri, 05 Mar 2004 00:00:00 +0530 Sat, 22 Jun 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52686 A refundable security deposit collected under a Money Back Scheme was treated as separate from the printed retail sale price because it was evidenced by promissory notes, shown as a liability, and repayable with interest after a fixed period; it therefore did not form part of sale consideration for valuation under Section 4A of the Central Excise Act. Optional Basket Scheme sales also did not justify rejection of the declared maximum retail price, as the notification did not require discarding a bona fide MRP merely because some consumers paid less than the printed price. On that reasoning, the declared MRP remained the proper basis for assessment and specific-rate duty was not attracted. Case-Laws Central Excise Fri, 05 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52686