Valuation of Excise Duty on Clearance of Physical Samples of Medicine Must be done in Accordance with Rule 4 of Central Excise (Valuation) Rules: CESTAT [Read Order]

By Shabna Rahim - On November 12, 2023 11:00 am - 2 mins read
Central Excise Valuation Rules - CESTAT - CESTAT News - Excise - Customs - Service Tax - Tax News - Excise Duty - TAXSCAN

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the valuation of excise duty on the clearance of physical samples of medicines should be done under Rule 4 of the Central Excise (Valuation) Rules,2000.  Elvina Pharmaceuticals Ltd, the appellant assessee are manufacturers of P & P Medicines falling under…

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