https://www.taxtmi.com/caselaws?id=122244 Physician's samples cleared free of cost were to be valued at 115% of cost of production under the Board's circular, with cost computed on the additive basis prescribed by CAS-4. Selling and distribution expenses were excluded from the cost build-up, so valuation could not be derived by backward deduction from the sale price of finished goods. The Revenue's backward-working approach was rejected in principle. However, the computation in the impugned order was unclear, especially on factory overheads and the figures used, so the matter was remanded for fresh determination by the original authority strictly in line with CAS-4 and the circular. en-us Fri, 23 Feb 2007 00:00:00 +0530 Thu, 21 Apr 2016 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122244 Physician's samples cleared free of cost were to be valued at 115% of cost of production under the Board's circular, with cost computed on the additive basis prescribed by CAS-4. Selling and distribution expenses were excluded from the cost build-up, so valuation could not be derived by backward deduction from the sale price of finished goods. The Revenue's backward-working approach was rejected in principle. However, the computation in the impugned order was unclear, especially on factory overheads and the figures used, so the matter was remanded for fresh determination by the original authority strictly in line with CAS-4 and the circular. Case-Laws Central Excise Fri, 23 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122244