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2012 (11) TMI 596 - GUJARAT HIGH COURTMRP Valuation - Settlement Commission - MRP was being worked out was from 19-4-2007 to 15-2-2008 - At the relevant point of time, the Central Excise Rules, 2008 were not in existence. But at the same time, instead of going as per the provisions of the law the notional price revision of 10% for subsequent period, for arriving at MRP for the relevant period, and in the name of practical approach for the subsequent period, has made reduction in the weighted average MRP by the factor of 10% - Held that:- Policy adopted by the Settlement Commission is neither legal nor in any manner conducive to the object of the Act and as the same is challenged by both the sides and as fallacy of reasoning had been well made out - entire basis cannot be sustained – matter remanded to Settlement Commission
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