No Legal Requirement to Declare MRP in Bill of Entry, Retail Package Labeling Satisfies SAD Exemption Compliance: CESTAT [Read Order]
The Tribunal noted that there is no statutory requirement under the notification to declare MRP in the Bill of Entry; the only requirement is to affix MRP on the retail packages. As such, no presumption could be made that the goods were non-compliant after clearance
By Navasree A.M - On September 28, 2024 11:50 am - 2 mins read
The Bangalore bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has clarified that there is no legal requirement to declare the Maximum Retail Price ( MRP ) in the Bill of Entry for availing the 4% Special Additional Duty ( SAD ) exemption under Notification No. 21/2012-Cus dated 17.03.2012. According to…
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