Court Rules MRP-Based Valuation Not Applicable for 40 kg Wall Putty Packages; Section 4A Excise Act Excluded.

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....Method of Valuation - wall putty in packages of 40kg - MRP based value to transaction value - As the appellant had cleared wall putty in packages of 40 kg, the provisions of rule 6 contained in Chapter II of the Rules will not apply and if this be so, the provisions of section 4A of the Excise Act under which the value of goods is deemed to be the retail sale price declared on such goods, would not be applicable. - AT....