Dispute Over MCCB Valuation: MRP vs. Transaction Value Under Central Excise Act, Tribunal Sides with Appellant.

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....Valuation - MRP based value u/s 4A or transaction value u/s 4 - Extended period of limitation - package of MCCBs cleared to industrial/institutional consumers - The entire issue has arisen because of change of opinion due to differing legal interpretations. The Appellant has contended that he was under the bonafide belief that there was no requirement to affix MRP on the switchgear products sold by them industrial/institutional consumers through their dealers - The tribunal set aside the demand on the ground of period of limitation.....