Central Excise - Section 4(4) (d) - Deduction of "Sales tax payable" from the cum-duty price - Regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Central Excise - Section 4(4) (d) - Deduction of "Sales tax payable" from the cum-duty price - Regarding. The issue regarding actual amount of "Sales Tax payable" which can be deducted from the cum-duty-price for purpose of determining assessable value for excise purposes has been raised by Inter .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... excisable goods for determining the assessable value under Section 4 of the Central Excise Act : (i) Amount of sales tax payable at tariff rate, ignoring the effective rate of sales tax payable on finished goods as well as set off of taxes paid on inputs. (ii) Amount of sales tax payable at effective rate, ignoring the amount of set off available in respect of inputs. (iii) Net amount of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X