https://www.taxtmi.com/caselaws?id=86393 Excise duty collected from buyers on clearances covered by an exemption notification, though not payable to the department, was treated as part of the assessee's wholesale price and profit and therefore includible in the assessable value. On that basis, duty was required to be recomputed and the refund claim reduced accordingly. The adjustment made by the Assistant Collector was found lawful, and the reduction of refund on recomputation of assessable value and duty was upheld against the assessee. en-us Wed, 05 Feb 1997 00:00:00 +0530 Wed, 24 Aug 2011 15:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86393 Excise duty collected from buyers on clearances covered by an exemption notification, though not payable to the department, was treated as part of the assessee's wholesale price and profit and therefore includible in the assessable value. On that basis, duty was required to be recomputed and the refund claim reduced accordingly. The adjustment made by the Assistant Collector was found lawful, and the reduction of refund on recomputation of assessable value and duty was upheld against the assessee. Case-Laws Central Excise Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86393