https://www.taxtmi.com/caselaws?id=104328 Automobile cess under Section 9(1) of the Industries (Development and Regulation) Act, 1951 is to be valued on excise principles where the Automobile Cess Rules, 1984 adopt excise-law definitions and valuation logic. The explanation to Section 9(1) is treated as corresponding broadly to Section 4 of the Central Excises and Salt Act, 1944, so the wholesale cash price is not taken to include amounts that are legally deductible in excise valuation. Excise duty and sales tax included in the wholesale cash price are deductible, and trade discount and payable duty are excluded from the assessable value. en-us Tue, 16 Aug 1994 00:00:00 +0530 Tue, 28 Feb 2012 16:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104328 Automobile cess under Section 9(1) of the Industries (Development and Regulation) Act, 1951 is to be valued on excise principles where the Automobile Cess Rules, 1984 adopt excise-law definitions and valuation logic. The explanation to Section 9(1) is treated as corresponding broadly to Section 4 of the Central Excises and Salt Act, 1944, so the wholesale cash price is not taken to include amounts that are legally deductible in excise valuation. Excise duty and sales tax included in the wholesale cash price are deductible, and trade discount and payable duty are excluded from the assessable value. Case-Laws Central Excise Tue, 16 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104328