https://www.taxtmi.com/caselaws?id=72585 Amended excise valuation law required the assessee to disclose the actual sale price and claim only those deductions that were legally excludible and properly established; unilateral reductions for manufacturing cost, profit, freight, discount or distribution expenses were impermissible. On the facts noted, trade discount was rejected because it was not available at the time of removal, and the claimed post-manufacturing deductions were not accepted in the assessable value. The revised differential duty demand was also treated as a continuation of the earlier notice, raised within the relevant period after detection, and was not regarded as time-barred on the facts found. en-us Tue, 30 Sep 1986 00:00:00 +0530 Fri, 20 May 2011 15:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72585 Amended excise valuation law required the assessee to disclose the actual sale price and claim only those deductions that were legally excludible and properly established; unilateral reductions for manufacturing cost, profit, freight, discount or distribution expenses were impermissible. On the facts noted, trade discount was rejected because it was not available at the time of removal, and the claimed post-manufacturing deductions were not accepted in the assessable value. The revised differential duty demand was also treated as a continuation of the earlier notice, raised within the relevant period after detection, and was not regarded as time-barred on the facts found. Case-Laws Central Excise Tue, 30 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72585