https://www.taxtmi.com/caselaws?id=107632 A refundable security deposit collected from dealers to secure proper installation of IC engines was not part of the price or consideration for sale. Because the deposit was returnable on production of the required certificate and was not an amount payable by the buyer as part of the transaction value, it could not be included in the assessable value for excise purposes. The issue was decided in favour of the assessee. en-us Mon, 07 Jul 2003 00:00:00 +0530 Fri, 23 Mar 2012 18:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107632 A refundable security deposit collected from dealers to secure proper installation of IC engines was not part of the price or consideration for sale. Because the deposit was returnable on production of the required certificate and was not an amount payable by the buyer as part of the transaction value, it could not be included in the assessable value for excise purposes. The issue was decided in favour of the assessee. Case-Laws Central Excise Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107632