2001 (3) TMI 170 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Bangalore allowed the appeal against the order of the Commissioner (Appeals) on Turnover Tax (TOT) deductions in Karnataka sales, citing that TOT is deductible from assessable value under Section 4(4)d(ii) of the Central Excise Act. The Tribunal based its decision on previous cases and Ministry of Law instructions, concluding that TOT deductions are eligible based on Supreme Court decisions. The Order was set aside, and the appeal was allowed.