https://www.taxtmi.com/caselaws?id=54730 The Commissioner's decision to add Rs. 2000 per set for the valuation of Television sets under an exchange scheme was upheld, as it was found to yield the correct Maximum Retail Price (MRP). The addition of value to the MRP was deemed appropriate for sets sold under the exchange scheme, providing a rational and uniform basis for assessment. Assessing the sets based on clean sale prices was considered suitable, and the valuation of woofers separately from the Television sets was confirmed. The seizure of goods and penalty were rejected due to full disclosure of MRP declarations and the absence of intent to evade duty payment. en-us Mon, 12 Dec 2005 00:00:00 +0530 Thu, 21 Oct 2010 17:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54730 The Commissioner's decision to add Rs. 2000 per set for the valuation of Television sets under an exchange scheme was upheld, as it was found to yield the correct Maximum Retail Price (MRP). The addition of value to the MRP was deemed appropriate for sets sold under the exchange scheme, providing a rational and uniform basis for assessment. Assessing the sets based on clean sale prices was considered suitable, and the valuation of woofers separately from the Television sets was confirmed. The seizure of goods and penalty were rejected due to full disclosure of MRP declarations and the absence of intent to evade duty payment. Case-Laws Central Excise Mon, 12 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54730