https://www.taxtmi.com/caselaws?id=86076 Section 4(4)(d)(ii) requires excise duty previously recovered from buyers and later refunded on reassessment following reclassification to be accounted for in the cum-duty value, rather than merely excluded from assessable value. This valuation approach applies equally to reassessments arising from reclassification and exemption-based reassessments. Payment of duty under protest prevents the ordinary limitation bar from defeating a refund claim; subsequent approval of a price list does not extinguish the protest or revive a time-bar objection. en-us Thu, 12 Dec 1996 00:00:00 +0530 Wed, 10 Aug 2011 11:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86076 Section 4(4)(d)(ii) requires excise duty previously recovered from buyers and later refunded on reassessment following reclassification to be accounted for in the cum-duty value, rather than merely excluded from assessable value. This valuation approach applies equally to reassessments arising from reclassification and exemption-based reassessments. Payment of duty under protest prevents the ordinary limitation bar from defeating a refund claim; subsequent approval of a price list does not extinguish the protest or revive a time-bar objection. Case-Laws Central Excise Thu, 12 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86076