Exclusion of levies collected by Joint Plant Committee (JPC) from integrated steel plants from the assessable value of steel products under Section 4(4)(d)(ii) of the Central Excises & Salt Act, 1944
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Deductibility of statutory levies: JPC levies not allowable as deductions from assessable value under excise law. Following legal advice, the Central Board of Excise and Customs determined that levies collected by the Joint Plant Committee-Steel Development Fund, Engineering Goods Export Assistance Fund, and JPC cess-do not qualify as other taxes deductible under Section 4(4)(d)(ii) of the Central Excises & Salt Act, 1944 for computing the assessable value of steel products, and directed checks for similar cesses and reporting on compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductibility of statutory levies: JPC levies not allowable as deductions from assessable value under excise law.
Following legal advice, the Central Board of Excise and Customs determined that levies collected by the Joint Plant Committee-Steel Development Fund, Engineering Goods Export Assistance Fund, and JPC cess-do not qualify as other taxes deductible under Section 4(4)(d)(ii) of the Central Excises & Salt Act, 1944 for computing the assessable value of steel products, and directed checks for similar cesses and reporting on compliance.
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