What legal action can be taken in case the retail price is not mentioned or is tampered after the removal of goods ?
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2016
What legal action can be taken in case the retail price is not mentioned or is tampered after the removal of goods ?
Answer & Explanation:
If the retail sale price is not mentioned on the excisable goods or is tampered after the removal then: Such goods shall be liable to confiscation; and The retail sale price of such goods shall be ascertained in the manner prescribed by the Central Government and such price shall be deemed to be the retail price. [Section 4A(4) of the Central Excise Act.]
Topics: Indirect Tax
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