https://www.taxtmi.com/caselaws?id=72872 Octroi paid on raw materials used in manufacturing forms part of the cost of the finished excisable goods and is includible in the assessable value. Section 4(4)(d)(ii) of the Central Excises and Salt Act, 1944 excludes only taxes paid on the goods under assessment, not taxes paid on inputs used to produce them. The Tribunal applied the same valuation principle previously affirmed in earlier adjudication and held that octroi on raw materials cannot be excluded from assessable value. en-us Tue, 14 Apr 1987 00:00:00 +0530 Wed, 25 May 2011 15:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72872 Octroi paid on raw materials used in manufacturing forms part of the cost of the finished excisable goods and is includible in the assessable value. Section 4(4)(d)(ii) of the Central Excises and Salt Act, 1944 excludes only taxes paid on the goods under assessment, not taxes paid on inputs used to produce them. The Tribunal applied the same valuation principle previously affirmed in earlier adjudication and held that octroi on raw materials cannot be excluded from assessable value. Case-Laws Central Excise Tue, 14 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72872