Excise relief for companies switching business

Jan 17 2014, 19:28 IST
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SummaryFinmins new norms offer no concession to those using predatory pricing to gain market share.

lower than his cost and declares his transaction value at such lower value, faces the risk of litigation.

The interpretation by the SC as well as the circular are not entirely in tandem with the understanding of the excise provisions by the trade and industry. It would, therefore, be preferable that amendments are made in the legal provisions, in case the Fiat judgment is to be implemented so that ambiguities are removed, said Roy.

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