excise for diffrence mrp.

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....xcise for diffrence mrp.<br> Query (Issue) Started By: - Anil Jangid Dated:- 9-1-2016 Last Reply Date:- 17-1-2016 Central Excise<br>Got 3 Replies<br>Central Excise<br>I am a Manufacturer and My products are under excise, but not under MRP Based Excise. Can I have different MRPs for the same product? And what will be the Excise implication. Reply By KASTURI SETHI: The Reply: Answer is &#39;No&#3....

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....9;. When your products have not been specified under Section 4A of the Central Excise Act read with notification no.49/2008-CE(NT) dated 24.12.2008 as amended (latest amendment vide notification no.3/15-CE(NT) dated 1.3.2015), you cannot resort to MRP based valuation.Hence no question of different MRPs for the same product. Valuation methods under Section 4 and 4 A are entirely different.If you o....

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....pt for Section 4 A instead of Section 4 on your own, there is every likelihood of short payment of duty. There is separate penalty for short payment and separate penalty for adopting Section 4 A instead of Section 4 of the Central Excise Act. Reply By Mahir S: The Reply: Anil ji, Yes, you can have two different MRPs for the same product. For Corporate sales, there can be a lesser MRP and for R....

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....etail Sales there can be higher MRP. Further, a Company can have two different MRP for the same product in different states. Reply By Ganeshan Kalyani: The Reply: Yes I have observed in case of cold drinks there is different MRP for sale in Malls and cinemas and different MRP for sale in retail market.<br> Discussion Forum - Knowledge Sharing ....