https://www.taxtmi.com/caselaws?id=94919 For Notification No. 245/83, a cum-duty retail price had to be reduced by the duty component before computing the exempted value, and the expression "excise duty" was read broadly to include special excise duty as well as basic excise duty. Because the notification did not limit the term to duty under the Central Excises and Salt Act, 1944, special excise duty was deductible in arriving at assessable value. The Revenue's narrower construction was rejected, and the assessee was treated as entitled to deduct special excise duty under the notification. en-us Sat, 23 Sep 2000 00:00:00 +0530 Mon, 05 Dec 2011 17:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94919 For Notification No. 245/83, a cum-duty retail price had to be reduced by the duty component before computing the exempted value, and the expression "excise duty" was read broadly to include special excise duty as well as basic excise duty. Because the notification did not limit the term to duty under the Central Excises and Salt Act, 1944, special excise duty was deductible in arriving at assessable value. The Revenue's narrower construction was rejected, and the assessee was treated as entitled to deduct special excise duty under the notification. Case-Laws Central Excise Sat, 23 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94919