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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Sales Tax Deduction Confirmed for Assessable Value u/s 4 of Central Excise Act; SCNs to be Withdrawn.</h1> The circular addresses the deduction of 'Sales tax payable' from the cum-duty price for determining the assessable value under Section 4 of the Central Excise Act. The issue arose from audits in Bombay, leading to the issuance of show cause notices (SCNs) by some Collectorates. The Central Board of Excise & Customs instructed the withdrawal of these SCNs. The Attorney General of India confirmed that the 'amount of sales tax payable at the effective rate, ignoring the set off available on inputs,' is eligible for deduction. This decision should be communicated to relevant field formations.
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