https://www.taxtmi.com/caselaws?id=93482 Amounts collected by manufacturers towards Steel Development Fund, Engineering Goods Export Assistance Fund and Joint Plant Committee Cess were treated as excludible from excise assessable value because they were separately collected and remitted to a third-party committee, not retained as sale consideration. Under the valuation scheme, only the normal price of goods sold by the assessee can enter assessable value, and sums collected merely in a representative capacity do not form part of the price. Packing charges were also held not includible on the facts and valuation principle applied. The lower authorities' contrary orders were set aside and the Revenue's appeals failed. en-us Fri, 09 Jun 2000 00:00:00 +0530 Thu, 06 Jun 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93482 Amounts collected by manufacturers towards Steel Development Fund, Engineering Goods Export Assistance Fund and Joint Plant Committee Cess were treated as excludible from excise assessable value because they were separately collected and remitted to a third-party committee, not retained as sale consideration. Under the valuation scheme, only the normal price of goods sold by the assessee can enter assessable value, and sums collected merely in a representative capacity do not form part of the price. Packing charges were also held not includible on the facts and valuation principle applied. The lower authorities' contrary orders were set aside and the Revenue's appeals failed. Case-Laws Central Excise Fri, 09 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93482