TaxTMI 
TaxTMI 
Dear experts, pl clarify whether wadding falling under Chapter 3005 of Central Excise Tariff is to be assessed under Section 4A (MRP assessment) or under Section 4, if cleared under unit packing and not under bulk packing to retail outlets?
wadding falling under 3005 of Central Excise tariff whether MRP or Sec. 4 valuation
28 Sep 2015 
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MRP assessment applies to wadding classified as pharmaceutical article when impregnated with pharmaceutical substances for valuation.
MRP assessment applies when wadding is classed within the pharmaceutical tariff heading covered by the notification prescribing abatement; specifically, wadding, gauze or bandages impregnated or coated with pharmaceutical substances fall within that heading and may be valued under the MRP-based notification, whereas non impregnated wadding does not fall within the pharmaceutical heading and should be assessed under ordinary valuation rules. (AI Summary)
MRP assessment applies when wadding is classed within the pharmaceutical tariff heading covered by the notification prescribing abatement; specifically, wadding, gauze or bandages impregnated or coated with pharmaceutical substances fall within that heading and may be valued under the MRP-based notification, whereas non impregnated wadding does not fall within the pharmaceutical heading and should be assessed under ordinary valuation rules. (AI Summary)