Refund Claim Remanded Due to Incorrect Methodology; Tribunal Misapplied 2003 Circular Instead of 2002 Guidelines for Valuation.

Refund claim of excess duty paid - valuation of Physician's sample - The assessable value, as indicated in the 2002 circular, is 115% of the cost of production. The Tribunal having come to this conclusion, in our opinion ought not to have taken recourse to the 2003 circular which adverts to the CAS-4 methodology - matter remanded back to ascertain cost of production - HC .....

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