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

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..... nue) 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 Internal Audit in Bombay and AG's audit as we .....

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..... ssable 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 sales tax payable at effective rate after a .....

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