https://www.taxtmi.com/caselaws?id=113115 For computing assessable value under Notification No. 245/83 on retail price less 15% discount, the deductible excise duty included special excise duty under the relevant Finance Act. The notification's reference to "value" was read consistently with Section 4(4)(d)(ii) of the Central Excises Act, 1944, which excludes not only duty of excise under the central enactment but also the aggregate of effective excise duties under other Central enactments. The explanation in the notification was treated as fixing the order of deduction, not as limiting deduction to basic excise duty. In the absence of contrary wording, the statutory scheme governed the computation. en-us Mon, 05 Oct 1998 00:00:00 +0530 Thu, 03 May 2012 18:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113115 For computing assessable value under Notification No. 245/83 on retail price less 15% discount, the deductible excise duty included special excise duty under the relevant Finance Act. The notification's reference to "value" was read consistently with Section 4(4)(d)(ii) of the Central Excises Act, 1944, which excludes not only duty of excise under the central enactment but also the aggregate of effective excise duties under other Central enactments. The explanation in the notification was treated as fixing the order of deduction, not as limiting deduction to basic excise duty. In the absence of contrary wording, the statutory scheme governed the computation. Case-Laws Central Excise Mon, 05 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113115