Mrp based valuation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2012 Respected Sir.
I am a ca final student .
Is valuation u/s 4A (Mrp based valuation) applicable if specified goods are sold to wholesalers .I am asking this because in one reference book it states as an example-if refrigerator manufacturer sells to wholesaler/dealer then Sec 4A is not applicable and valuation to be done at Transaction value.
It further sates that is refrigerator is directly sold to consumer then duty is payable on MRP less abatement.
plz help!!

Arun Kumar Singh

Arun Kumar Singh (Expert)
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11 December 2012 If MRP is not put on the goods then duty will be payable on transaction value if MRP is available on the the goods then duty will be payable on MRP based after abatement u/s 4A.

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