Supreme Court Upholds Revenue Authority's Use of Highest MRP for Excise Duty Valuation u/s 4A Explanation 2(a.

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....MRP based Valuation of goods - Revenue, for the purposes of excise duty, valued the said goods taking the maximum of the three MRPs mentioned on the packaging. This is clearly in consonance with Explanation 2(a) to Section 4A of the Act - SC....