Difference Inclusion of Sales Tax Value Under Transaction value Section 4, Central Excise

[SANDESH SHINDE]

Dear Sir,

In case of Sales Tax deferred payment whether difference of the amount collected and the amount actually paid to the State Government should be included in the transaction value under the Central excise act 1944 and whether central excise duty is payable on the same.If yes please give us any reference regarding this, and under which rule ,Please expalin,thanks and regards

Posts / Replies

[Naveed S]

Yes sir, Board has clarified on the said issue and such additional consideration shall also be considered as part of the transaction value.