Physician sample - Excise Duty
This query is : Resolved
Kirti Trivedi
(Querist)
30 November 2007
Sir,
Which on value excise duty to be paid for Physician sample ?
Thanks
Which on value excise duty to be paid for Physician sample ?
Thanks
30 November 2007
If the product is on MRP valuation section 4A and manufactured by you or on Loan Licensee basis then on prorata basis .Say for example, trade pack of 10 tablets is sold to distributors at Rs.20 and the physician sample contains 4 tablets the proportionate price of 4 tablets is Rs.8/- Thus, the assessable value of sample will be Rs.8/- The value, thus, is required to be determined on this basis.
In case you are paying excise duty on physician sample by determining the value by cost of production plus profit, you are requested to please workout the differential duty from 25-4-2005 till date and pay under protest. Subsequent duty should also be paid under protest as IDMA is planning to file appeal to Supreme Court against the order of Bombay High Court.
If the arrangement is jobwork and third party arrangment then on agreed price. Here even though the product is MRP based, still PS will be valued on transaction value, refer recent judgment of CESTAT in the case of Pepsico/Nestle.
https://www.caclubindia.com/homepage/DM%20Associate/
In case you are paying excise duty on physician sample by determining the value by cost of production plus profit, you are requested to please workout the differential duty from 25-4-2005 till date and pay under protest. Subsequent duty should also be paid under protest as IDMA is planning to file appeal to Supreme Court against the order of Bombay High Court.
If the arrangement is jobwork and third party arrangment then on agreed price. Here even though the product is MRP based, still PS will be valued on transaction value, refer recent judgment of CESTAT in the case of Pepsico/Nestle.
https://www.caclubindia.com/homepage/DM%20Associate/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Form 144 TDS Return Validation Error – Mandatory Fields
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
