https://www.taxtmi.com/caselaws?id=106613 Valuation of pharmaceutical goods under Section 4(1)(a) could not be based on the Drug (Prices Control) Order, 1987 where that order fixed only the retail price and not the wholesale price, and the goods were sold below the maximum retail price. The statutory condition for applying the departmental valuation method was therefore not met. The exemption under Notification No. 245/83, being conditional and optional, could not be thrust on the manufacturer, and deductions could not be limited merely on that basis. Valuation was required to be reconsidered under the general rule after allowing admissible deductions in accordance with law, and the matter was sent for fresh determination. en-us Wed, 13 Jun 2001 00:00:00 +0530 Wed, 14 Mar 2012 18:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106613 Valuation of pharmaceutical goods under Section 4(1)(a) could not be based on the Drug (Prices Control) Order, 1987 where that order fixed only the retail price and not the wholesale price, and the goods were sold below the maximum retail price. The statutory condition for applying the departmental valuation method was therefore not met. The exemption under Notification No. 245/83, being conditional and optional, could not be thrust on the manufacturer, and deductions could not be limited merely on that basis. Valuation was required to be reconsidered under the general rule after allowing admissible deductions in accordance with law, and the matter was sent for fresh determination. Case-Laws Central Excise Wed, 13 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106613