2003 (8) TMI 280 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai ruled on the eligibility for deduction on the sale price of goods manufactured by the respondent of the turnover tax paid by it to arrive at the assessable value. Referring to a Supreme Court judgment, the Tribunal dismissed the appeal, stating that turnover tax is an admissible deduction despite arguments to the contrary.