https://www.taxtmi.com/caselaws?id=89761 Notification No. 245/83-C.E. granted excise exemption where duty was computed after allowing a 15% deduction from the market retail price fixed under the Drugs (Price Control) Order, 1979. The text states that Vermisol satisfied the notification conditions, as the product was manufactured on behalf of the loan licencee, the benefit had been uniformly availed, and the respondents had applied the same 15% deduction in valuation. It further notes that the price list and clearance pattern did not defeat the exemption, and that assessment could proceed under Section 4 of the Central Excise Act, 1944 or under the exemption, as applicable. The Revenue's challenge was unsuccessful and the exemption benefit was sustained. en-us Wed, 11 Mar 1998 00:00:00 +0530 Thu, 29 Sep 2011 15:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89761 Notification No. 245/83-C.E. granted excise exemption where duty was computed after allowing a 15% deduction from the market retail price fixed under the Drugs (Price Control) Order, 1979. The text states that Vermisol satisfied the notification conditions, as the product was manufactured on behalf of the loan licencee, the benefit had been uniformly availed, and the respondents had applied the same 15% deduction in valuation. It further notes that the price list and clearance pattern did not defeat the exemption, and that assessment could proceed under Section 4 of the Central Excise Act, 1944 or under the exemption, as applicable. The Revenue's challenge was unsuccessful and the exemption benefit was sustained. Case-Laws Central Excise Wed, 11 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89761