https://www.taxtmi.com/caselaws?id=86076 Refunded excise duty recovered from buyers must be reflected in the cum-duty value when reassessment follows reclassification of goods under Section 4(4)(d)(ii) of the Central Excises Act, 1944, because the refunded duty element continues to affect valuation and cannot be treated as a mere deduction from assessable value. The note also states that payment of duty under protest defeats a limitation objection to the refund claim, and subsequent approval of the price list does not erase that protest for time-bar purposes. 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 Refunded excise duty recovered from buyers must be reflected in the cum-duty value when reassessment follows reclassification of goods under Section 4(4)(d)(ii) of the Central Excises Act, 1944, because the refunded duty element continues to affect valuation and cannot be treated as a mere deduction from assessable value. The note also states that payment of duty under protest defeats a limitation objection to the refund claim, and subsequent approval of the price list does not erase that protest for time-bar purposes. Case-Laws Central Excise Thu, 12 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86076