https://www.taxtmi.com/caselaws?id=91703 A conditional exemption notification under Central Excise law cannot be applied mechanically unless its stated conditions are satisfied, including claiming exemption for all covered medicines and foregoing other discounts. The text distinguishes between a statutorily fixed wholesale price and the retail price referred to in the notification, noting that Section 4 valuation operates only within its own statutory scheme. On the facts described, the assessee could not be forced to adopt notification-based valuation in place of assessable value under Section 4(1)(a), and the valuation position accepted by the lower authority remained undisturbed. en-us Tue, 08 Dec 1998 00:00:00 +0530 Thu, 20 Oct 2011 12:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91703 A conditional exemption notification under Central Excise law cannot be applied mechanically unless its stated conditions are satisfied, including claiming exemption for all covered medicines and foregoing other discounts. The text distinguishes between a statutorily fixed wholesale price and the retail price referred to in the notification, noting that Section 4 valuation operates only within its own statutory scheme. On the facts described, the assessee could not be forced to adopt notification-based valuation in place of assessable value under Section 4(1)(a), and the valuation position accepted by the lower authority remained undisturbed. Case-Laws Central Excise Tue, 08 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91703