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wadding falling under 3005 of Central Excise tariff whether MRP or Sec. 4 valuation

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..... Dear experts, pl clarify whether wadding falling under Chapter 3005 of Central Excise Tariff is to be assessed under Section 4A (MRP assessment) or under Section 4 , if cleared under unit packing and not under bulk packing to retail outlets? - Reply By Rajagopalan Ranganathan - The Reply = Sir, Wadding falling under Chapter 3005 of Central Excise Tariff is to be assessed under Section 4 .....

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..... A (MRP assessment) since all goods mentioned under Chapter 30 of the first schedule of Central Excise Tariff Act, 1985 are included against Sl. No.30 of Notification No. 49/2008-CE (n.T.) dated 24.12.2008 as amended which prescribes rates of abatement for goods to be assessed under Section 4A of Central Excise Act, 1944. - Reply By Hariharan Sundaram - The Reply = sir, thank you very much .....

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..... for your prompt reply. My doubt is Sl. No. 30 of the Notification 49/2008 CE (NT) specifies only medicaments and it does not specify All goods of chapter 30. Under these circumstances. Moreover, the Chapter 30 of CETA is about Pharmaceutical products . However the above Sl. No. 30 of the Notification speaks about medicaments. Whether wadding can be classsified as medicaments to qualify for M .....

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..... RP valuation? Sir, Kindly let me know whether medicaments and pharmaceutical products are one and the same? In the absence of words All goods at Sl. No. 30, how I could convince the departmental authorities? Kindly specify whether any board circular or case law in favour of the MRP valuation of the goods wadding ? - Reply By Rajagopalan Ranganathan - The Reply = Sir, Heading 3005 indicates .....

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..... that it includes wadding, gauze, bandages and similar articles impregnated or coated with pharmaceutical substances. If they are not so then they will not fall under heading 3005. - wadding falling under 3005 of Central Excise tariff whether MRP or Sec. 4 valuation - Query Started By: - Hariharan Sundaram Dated:- 28-9-2015 Central Excise - Got 3 Replies - Central Excise - Discussion Foru .....

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..... m - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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