Medicament supplies to institutional buyers/ government hospital to be valued u/s 4 of Central Excise Act

J B Chemicals & Pharmaceuticals Ltd Vs C.C.E (CESTAT Ahmedabad) CESTAT Ahmedabad held that Medicament Supplies to Government Hospitals and Institutional Buyers shall be valued in terms of Section 4 and not Section 4A of the Central Excise Act, 1944. Facts- The issue involved in the present case is that whether the supply of medicaments to Government Institutions such as BHEL, Railway, Government Hospitals, etc. wherein, on the package it is mentioned ‘NOT FOR SALE’ and no retail price was printed is liable to be governed by Valuation Provision of Section 4 or Section 4A of the Central ...