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TMI Blog2018 (3) TMI 1727X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee, and for such purposes the maximum retail price i.e. MRP at which product would be sold by the retailer is not material - MRP is usually fixed/specified by the manufacturer to ensure that the product manufactured by it is sold at one rate across the State. It is not at MRP that the product is being sold by the manufacturer from its stocks situated within the State of U.P. The Tribunal, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e product is not relevant for the purpose of stock transfer, inasmuch as such price is specified so that the product is sold at a uniform price throughout the State. The Tribunal, however, declined to accept such plea on the ground that the transfer by assessee upon rates below the MRP is not believable. The order of the Tribunal records that assessee has shown price of the Medicament in two separ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of turnover. Learned Standing Counsel does not dispute that the Medicament is being brought from beyond the State of U.P. to the stockyard of the assessee. There is no dispute to the correctness of stock transfer. It is, however, stated that the Tribunal has correctly determined the turnover of the assessee. Having considered the submissions, I find that the turnover of the assessee w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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