2006 (4) TMI 275

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....elates to as to whether the MRP declared by the appellants at the time of import was correct or not. 2. As per facts on record, the appellants declared the MRP of the imported goods at Rs. 600/- per piece in respect of the Bill of Entry at Serial No. 1 to 6 and at Rs. 790/- per piece in respect of other three Bill of Entry from Serial No. 7 to 9. Based upon some intelligence report, the appellant's factory premises situated at A-785, RIICO Industrial Area, Bhiwadi, was put to search on 25-1-2002 and it was found that the MRP of the rechargeable emergency light was changed from Rs. 600/- to Rs. 825/- by way of sticking labels on the same. Statements of Shri Rakesh Gupta, Director was recorded, wherein he revealed that the goods in qu....

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....sions for the determination of assessable value. Proviso to Sub Section (2) provides that in case of an article imported into India, in relation to which it is required, under the provisions of the Standards of Weights and Measures Act or the Rules made there under to declare on the package thereof the retail sale price and the article has been specified by Notification under Section 4A(1) of the Central Excise Act, the value of imported article shall be deemed to be the retail sale price declared on the imported article less such amount of abatement as the Central Government may allow. The facts which are not in dispute are that the impugned goods are the goods in relation to which the retail sale price is to be declared on the packages un....