2003 (8) TMI 369

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..... Member (T)]. The assessee was engaged in the manufacture of medicament and availed of the exemption contained in Notification 245/87. The notification provides for partial exemption from duty after allowing discount of 15% of the retail price of the medicine determined by the Drug Price Control Order. Exemption in the notification provides that in calculating the value of the medicine the .....

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..... of the Supreme Court in Union of India and others v. Modi Rubber Ltd., 1986 (25) E.L.T. 84. 3. The issue is already covered by the decision of this Tribunal in Ranbaxy Laboratories Ltd v. C.C.E., 1999 (81) E.C.R. 485. In that decision, the Tribunal, after considering the notification, said that on the language of the notification read in the light of Section 4(4)(d)(ii) of the Act, it is clear .....

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