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TMI Blogexcise for diffrence mrp.X X X X Extracts X X X X X X X X Extracts X X X X ..... excise for diffrence mrp. X X X X Extracts X X X X X X X X Extracts X X X X ..... 39;. When your products have not been specified under Section 4A of the Central Excise Act read with notification no.49/2008-CE(NT) dated 24.12.2008 as amended (latest amendment vide notification no.3/15-CE(NT) dated 1.3.2015), you cannot resort to MRP based valuation.Hence no question of different MRPs for the same product. Valuation methods under Section 4 and 4 A are entirely different.If you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opt for Section 4 A instead of Section 4 on your own, there is every likelihood of short payment of duty. There is separate penalty for short payment and separate penalty for adopting Section 4 A instead of Section 4 of the Central Excise Act. Reply By Mahir S: The Reply: Anil ji, Yes, you can have two different MRPs for the same product. For Corporate sales, there can be a lesser MRP and for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Retail Sales there can be higher MRP.
Further, a Company can have two different MRP for the same product in different states.
Reply By Ganeshan Kalyani:
The Reply: Yes I have observed in case of cold drinks there is different MRP for sale in Malls and cinemas and different MRP for sale in retail market. X X X X Extracts X X X X X X X X Extracts X X X X
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