Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (2) TMI 105 - CESTAT MUMBAI

2016 (2) TMI 105 - CESTAT MUMBAI - TMI - Valuation - free distribution of physician sample - whether valuation is to be done on pro rata value of the sale pack of the said physician samples of medicines - Held that:- valuation of the physician sample of the medicines needs to be done on the basis of cost of production + 15% as profit margin - Levy of penalty - Held that:- Since the issue of valuation of physician sample was being litigated during the relevant period, we're of the firm view t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

garding the valuation of the physician samples cleared free of cost. 3. Heard both sides and perused the records. 4. Appellant during the period April 2001 to December 2001 cleared the physician sample for free distribution by discharging the duty worked out on the assessable value based upon the costing method. Both the lower authorities are of the view that the valuation of the physician samples needs to be done on the basis of pro rata value of the sale pack of the said physician samples of m .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version