Importer not required to Declare MRP in Bill of entry: CESTAT [Read Order]

The Tribunal highlighted that the requirement under Notification No. 21/2012-Cus pertains to affixing the MRP on the retail packages and does not mandate the declaration of the MRP in the Bill of Entry
By Manu Sharma - On September 22, 2024 6:17 pm - 3 mins read
CESTAT Bangalore - CESTAT Bill of Entry decision - Bill of Entry - TAXSCAN

In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ), Bangalore bench, has held that an importer is not required to declare the Maximum Retail Price ( MRP ) in the Bill of Entry for claiming the Special Additional Duty ( SAD ) exemption. The company had imported goods and…

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