https://www.taxtmi.com/caselaws?id=106631 For valuation of waste and scrap under Section 4(4)(d)(ii) of the Central Excise Act, 1944, the excise duty element embedded in the invoice price must be excluded to determine assessable value. The text notes that this position had already been settled by the Larger Bench and the Supreme Court, and applies it to sales of waste and scrap by the assessee. The assessee was therefore entitled to abatement of the duty component from the sale price, with consequential re-quantification of duty and refund of any excess paid. The appeal succeeded only on the valuation issue, leaving the remaining findings undisturbed. en-us Thu, 04 Jul 2002 00:00:00 +0530 Thu, 15 Mar 2012 10:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106631 For valuation of waste and scrap under Section 4(4)(d)(ii) of the Central Excise Act, 1944, the excise duty element embedded in the invoice price must be excluded to determine assessable value. The text notes that this position had already been settled by the Larger Bench and the Supreme Court, and applies it to sales of waste and scrap by the assessee. The assessee was therefore entitled to abatement of the duty component from the sale price, with consequential re-quantification of duty and refund of any excess paid. The appeal succeeded only on the valuation issue, leaving the remaining findings undisturbed. Case-Laws Central Excise Thu, 04 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106631