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Central Excise - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Valuation - inclusion of portion of 50% of sales tax retained by ...


Court Rules Retained Sales Tax Must Be Included in Excisable Goods Valuation for Accurate Tax Assessment.

September 7, 2014

Case Laws     Central Excise     SC

Valuation - inclusion of portion of 50% of sales tax retained by the assessee in the value of excisable goods - since the balance of 50% of sales is neither payable nor paid, additions confirmed - SC

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