https://www.taxtmi.com/caselaws?id=81579 Excise valuation principles permit deduction of turnover tax only to the extent actually paid, and the claimed deduction cannot exceed proof of payment. Cost recovered for durable and returnable cylinders may be excluded if actual return and proper factual verification are established. Interest linked to receivables is not part of assessable value in principle, but exclusion depends on evidence showing the price element is truly attributable to such interest. Distribution, freight, and other post-manufacturing expenses are deductible only to the extent the valuation law allows and on proper proof. en-us Tue, 22 Oct 1991 00:00:00 +0530 Mon, 27 Jun 2011 15:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81579 Excise valuation principles permit deduction of turnover tax only to the extent actually paid, and the claimed deduction cannot exceed proof of payment. Cost recovered for durable and returnable cylinders may be excluded if actual return and proper factual verification are established. Interest linked to receivables is not part of assessable value in principle, but exclusion depends on evidence showing the price element is truly attributable to such interest. Distribution, freight, and other post-manufacturing expenses are deductible only to the extent the valuation law allows and on proper proof. Case-Laws Central Excise Tue, 22 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81579