https://www.taxtmi.com/caselaws?id=86517 Section 4 of the Central Excise Act, 1944 remained available for valuation of medicines covered by an exemption notification because the notification operated in a separate field and did not override the statutory assessment scheme. The notification fixed its own price-based limit and, through its conditions, showed that exemption was optional rather than compulsory, subject to consistent claim across the relevant price list. In the absence of any disqualifying factor, the assessee could elect assessment under Section 4 and claim the deductions permitted under that provision; the exemption notification was not mandatory. en-us Thu, 05 Dec 1996 00:00:00 +0530 Thu, 25 Aug 2011 13:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86517 Section 4 of the Central Excise Act, 1944 remained available for valuation of medicines covered by an exemption notification because the notification operated in a separate field and did not override the statutory assessment scheme. The notification fixed its own price-based limit and, through its conditions, showed that exemption was optional rather than compulsory, subject to consistent claim across the relevant price list. In the absence of any disqualifying factor, the assessee could elect assessment under Section 4 and claim the deductions permitted under that provision; the exemption notification was not mandatory. Case-Laws Central Excise Thu, 05 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86517