2002 – CE (NT) dated 01.03.2002 under
Section 4A prescribing abatement from MRP for arriving at
assessable value.
3. Notification 10/2003 – CE (NT) dated ... juncture, the period between
1.03.2006 and 11.07.2006, during which the benefits of MRP-based
assessment was not available to goods classified under
price to the customer
/ user is subjected to the Maximum Retail Price (MRP) fixed by the
assessee. It is pertinent to note that the distributor ... price between the
consideration paid to the assessee and the MRP fixed by the assessee.
The distributor possesses complete freedom of pricing. Hence, the first
submitted that the AO has worked out the
undisclosed sales by applying MRP whereas the actual selling price is lower than
the MPR and therefore ... addition made on MRP rate is not correct. The CIT(A)
after considering the submissions of the assessee held that -
10) Based on the above
payment of Countervailing Duty on Invoice value
instead of Maximum Retail Price (MRP / RSP) thereby causing
huge loss to the Government.
[2.2] After the investigation ... cleared by the
applicant Company did not require any declaration of MRP as
they were wholesale packages and not retail packages as the
applicant Company
scheduled
formulations.- (1) The Government shall monitor the
maximum retail prices (MRP) of all the drugs,
including the non-scheduled formulations and ensure
that ... scheduled formulation may increase the maximum
retail price ("MRP") of such non-scheduled formulation by 10% of the
MRP during the preceding twelve
scheduled
formulations.- (1) The Government shall monitor the
maximum retail prices (MRP) of all the drugs,
including the non-scheduled formulations and ensure
that ... scheduled formulation may increase the maximum
retail price ("MRP") of such non-scheduled formulation by 10% of the
MRP during the preceding twelve
scheduled
formulations.- (1) The Government shall monitor the
maximum retail prices (MRP) of all the drugs,
including the non-scheduled formulations and ensure
that ... scheduled formulation may increase the maximum
retail price ("MRP") of such non-scheduled formulation by 10% of the
MRP during the preceding twelve
scheduled
formulations.- (1) The Government shall monitor the
maximum retail prices (MRP) of all the drugs,
including the non-scheduled formulations and ensure
that ... scheduled formulation may increase the maximum
retail price ("MRP") of such non-scheduled formulation by 10% of the
MRP during the preceding twelve
scheduled
formulations.- (1) The Government shall monitor the
maximum retail prices (MRP) of all the drugs,
including the non-scheduled formulations and ensure
that ... scheduled formulation may increase the maximum
retail price ("MRP") of such non-scheduled formulation by 10% of the
MRP during the preceding twelve
DPCO, 2013‟) which provides that no manufacturer shall increase the MRP
of drugs by more than 10% during the preceding 12 months.
2. When ... unambiguous. It proscribes the manufacturer
from raising a Maximum Retail Price (MRP) beyond
10% of the MRP as existing during the preceding
twelve months. There
