https://www.taxtmi.com/caselaws?id=345226 Physician's samples were to be valued at 115% of the actual cost of production under the Board circular dated 01.07.2002, which governed valuation on a cost-of-production basis. The later circular dated 13.02.2003, directed to captively consumed goods, was held inapplicable to physician's samples for the period in dispute. The assessable value therefore had to be worked out by reference to the actual cost incurred in manufacture, and any remand was confined to recalculating the refund claim on that basis. The questions of law were answered in favour of the assessee. en-us Thu, 22 Jun 2017 00:00:00 +0530 Thu, 28 Dec 2017 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345226 Physician's samples were to be valued at 115% of the actual cost of production under the Board circular dated 01.07.2002, which governed valuation on a cost-of-production basis. The later circular dated 13.02.2003, directed to captively consumed goods, was held inapplicable to physician's samples for the period in dispute. The assessable value therefore had to be worked out by reference to the actual cost incurred in manufacture, and any remand was confined to recalculating the refund claim on that basis. The questions of law were answered in favour of the assessee. Case-Laws Central Excise Thu, 22 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345226