Importer not required to Declare MRP in Bill of entry: CESTAT

CESTAT ruled that importers are not required to declare the Maximum Retail Price (MRP) of goods in the bill of entry. The tribunal found that MRP is only relevant for assessing excise duties on goods sold within India and does not apply to imported goods at the point of entry. The ruling highlights that customs authorities should focus on customs valuation procedures for imported goods, and the MRP is not a required declaration unless stipulated by specific regulatory provisions.