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2018 (1) TMI 720 - AT - Wealth-taxValuation - yeast - whether the yeast cleared in pack from the factory appearing a marking for industrial use only and specially made for bakery industry only will be assessable under Section 4 or Section 4A of the Central Excise Act, 1944? Held that: - for the product which are exempted under Rule 34 of the provisions of Standard of Weights and Measures (Packaged commodities) Rules, 1977, there is no need to affix the MRP on the product. In the facts of the present case, the appellant is exempted from affixing MRP under Rule 34 of Standards of Weights and Measures (Packaged Commodities) Rules, 1977. Consequently, they are not required to affix the MRP, as per the provisions of Standards of Weights and Measures, Act 1976. Accordingly, the valuation of the goods in question cannot be governed by Section 4A. Whereas it is governed by Section 4 of the Central Excise Act, 1944. Appeal allowed.
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