https://www.taxtmi.com/highlights?id=75532 Area Based Exemption - The appellant, engaged in the manufacture of pharmaceutical products in Sikkim, applied for a special rate of value addition at 73.5% for FY 2009-10 to claim a refund of central excise duty. The application was rejected by the authorities, citing a value addition of 58.86%. The appellant contested this, arguing that the actual cost of raw materials should be considered, not a notional value. The appeal was allowed by the tribunal, and the impugned order was set aside, granting the appellant relief. en-us Sat, 09 Mar 2024 11:42:48 +0530 Sat, 09 Mar 2024 11:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75532 Area Based Exemption - The appellant, engaged in the manufacture of pharmaceutical products in Sikkim, applied for a special rate of value addition at 73.5% for FY 2009-10 to claim a refund of central excise duty. The application was rejected by the authorities, citing a value addition of 58.86%. The appellant contested this, arguing that the actual cost of raw materials should be considered, not a notional value. The appeal was allowed by the tribunal, and the impugned order was set aside, granting the appellant relief. Highlights Central Excise Sat, 09 Mar 2024 11:42:48 +0530 https://www.taxtmi.com/highlights?id=75532