No need to affix MRP on goods declared to be 'not for retail sale'; excise duty payable on transaction value
The Supreme Court of India held that where assessee
had declared on goods that they were not meant for retail sale and revenue
could not produce any evidence to contrary, there was no requirement to affix
MRP thereon and goods were to be valued based on transaction value under
section 4.
Commissioner of Central Excise,
Noida v. Control & Switchgears Contactors Ltd [2015] 63 taxmann.com 82
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